Maintaining 2 separate Pension Funds - any benefits?

[sparks85]

Hi all,


I currently have two small pensions running in parallel, one from each of my last two permanent jobs.

I intend to make a Employer contribution this FY (Ltd Co contractor).

Whilst I don't want to get bogged down in the specific pension products, is there any benefit or negative associated with maintaining two separate pensions split approx 50:50?

I believe there is a limit of £50k protection from the Government (FSA?) per SIPP..?

I realise the answer will probably be to speak to an IFA but I just want to gauge if this is generally a good or flawed idea.

Any assistance gratefully received.

[sparks85]

ellroy said:

Speak to an IFA!

I knew it!

Thanks for the response.