auto enrolment in april quick question

A question about : auto enrolment in april quick question

hi
i will be auot enrolled in april this year. i will prob be opting out as i have retirement plans in place already although not a traditional pension plan.
what confuses me is this, if i stay with my current employer for the next four years and they are using company a as pension provider, i then change jobs and my new employer uses company b as pension provider what happens to the pension i have with company a? will this be a case like years ago that eventually in years to come i have a fair few pensions with different pension companies that different employers have used all of which will be worth very little in the end?

Best answers:

• Most modern pensions (besides NEST) allow transfer in from other schemes.
  You could/should still consider auto-enrolment as you'll find a huge benefit by the fact your employer will be paying in too.
• Unless A is NEST, you can transfer the pot to the new place with minimal hassle. NEST bans such transfers, forcing you to have both NEST and your long term other pension.
  With a tiny number of exceptions, it's best to be in the pension scheme and pay enough to get the employer match. If money is short or you have other plans then that may be the correct amount to pay with no more worthwhile, particularly if the work scheme is NEST.
  For younger people the ban on transferring out of NEST combined with the limited investment options can make it better to pay into a personal pension instead, if they really will use the better range of investment options.
• Hey, I just wanted to post this link, which I thought could be quite relevant, especially as the opt out is so low at the moment:
  https://www.squareonefinancial.co.uk/news/8-enough
• NEST has applied to the Government for a change on its rules to allow it to allow transfers in and out. The Government will remove two statutory constraints (including the ban on transfers in and out) from 2017, the Pensions Minister has confirmed.
• The Pensions Minister may not be the Pensions Minister in government by then since it's after a general election, particularly so given that it is rare for his party to be in government. Until the law actually changes it's safer to use the current rules.
• I would not opt out, as you would be throwing away
  free money' ie employers contributions.
  As for your own non traditional retirement plan, what is it?