Pension fees on a £150,000 pot — where consolidation pays for itself.
How much do fees cost on a £150,000 pension pot? See the impact of consolidating old workplace pots into a single low-cost provider.
A £150,000 pension pot is what disciplined saving in your 40s and early 50s typically produces — it's around the 70th percentile for UK adults aged 55-64 with private pensions. At this scale the difference between a high-fee legacy pension (1.5% is not uncommon for old-style personal pensions sold pre-2012) and a modern 0.15% SIPP is dramatic. On £150k over 15 years to retirement, that fee gap costs around £30,000 in lost growth. If you're in your early 50s with a pot of this size, the highest-leverage hour you could spend is auditing the fees on every legacy scheme you own and comparing the total against a single low-cost SIPP.