We all want high scores, a high score tells you that you’ve taken risks and those risks have paid off, a low score tells you that you either took too little risk or that you took risks and they didn’t pay off.

We want the score to help you answer questions about what to do next, although your AgeWage score should not be used as the only deciding factor when making changes. Here are five choices:

• Keep things as they are - you know how much you have saved, how your savings have done and you can put off taking a decision till later
• Combine your pots to an existing provider - You can use one of your pots as your main pot and move money into it. Most pension providers will help you bring your money to them and some will offer you better terms if you do. Before you decide to move money, you should check if any pots have special benefits attached, or if your employer is still contributing to a pot. Your provider will also be able to tell you this.
• Take your money to a new provider - we offer PensionBee for people who want good quality of service, good investment options and reasonable charges. Again, you should check for special benefits and employer contributions before you move your money.
• You can choose to swap some or all of your pot into a guaranteed income called an annuity
• If you are 55 or over, you can take money out of your pensions and spend it or keep it in a bank or investment account.

It is often prudent to take financial advice, especially if you feel confused by all these choices and you want an expert to help you decide what to do. If so, you can choose to hire a financial adviser who can help you with your decisions. The adviser can be paid by you directly, or you may be able to pay for the advice out of your pension pot.

All of these choices are available in the Next Steps section which you can access by clicking the button below.