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I am looking to consolidate my pensions

07 January 2022

Question by Robin

I have £80k in a Vanguard ISA. I am looking to consolidate my pensions, currently in 4 different funds, total around £200K. If I transfer them to the Vanguard pension, so I will have just short of £300K with Vanguard, way over the £85k FCA limit. What happens to my money if Vanguard fail? Would I be better to put my pension funds elswhere to split the risk?

Answered by Boring Money

Hi Robin,

Thank you for your question.

Vanguard are a multi-billion dollar, international company, with diversification into various sectors of personal finance and investing. Whilst nothing is certain, the size of Vanguard helps to reduce the risk of institution failure. However, if you are so concerned, then yes, you could spread the money across institutions and review this based on your investment growth.

Thanks

Answered by

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