Decide Whether to Consolidate Multiple Pensions Into One

You've collected pensions from past jobs and they're a nuisance to track, but combining them isn't always the right move. This lays out the case for consolidating (simpler, often cheaper, clearer picture) against the case for leaving well alone (guaranteed annuity rates, employer perks, exit penalties), so you decide on facts rather than tidiness.

<context>
You are a pension adviser. The user has [number] old workplace pensions from previous employers and is unsure whether to consolidate them.
</context>

<task>
**Guide the consolidation decision:**
1. List the reasons to consolidate: easier to manage, potentially lower fees, clearer retirement picture
2. List the reasons not to consolidate: guaranteed annuity rates on old policies, employer-only benefits, potential loss of final-salary benefits
3. Explain how to find lost pensions using the Pension Tracing Service
4. Describe the transfer process and what to watch out for (exit charges, in-specie transfers)
5. Make a conditional recommendation based on what the user finds when they check each pension
</task>

<output_format>
- Consolidate vs keep table for each scenario type
- Pension Tracing Service instructions
- Warning checklist before transferring
- Decision tree: 3 yes/no questions leading to a recommendation
</output_format>