Im am a 27 year old female looking for some help!! I works for a company for four years and had a pensions where i contributed 5% and my company contributed 5% also. I left this employment and worked for another company for 4 years where the 5%/5% deal was the same. This company went through a buy out and i was TUPE transferred over to new employer. So the pension was set up the same yet again. My question is what do i do with the pension funds that are effectively frozen?
Im afraid i dont know much about pensions (and am young enough to get away with that considering it will be 40 years till i retire!)
Do you mean the first pension? It's not really frozen. If it's a defined benefit scheme based on the final/average salary then your final salary when you left will probably be revalued each year to reflect inflation and when you retire you'll get the benefits relating to 4 years' service. If it's a money purchase scheme then the value of your pot will be revalued periodically.
The second pension would probably still be carrying on into your current job as part of the TUPE transfer