Have you lost track of your pensions?
March 14th, 2018
January 2018 figures from the government have revealed a staggering £400 million is currently sat in unclaimed pension savings, due to millions of savers losing track of old pensions.
Previously, the government revealed the average worker switches jobs 11 times over their career. A change of employer can often lead to starting up a new pension, and – for many it seems – forgetting about the old ones.
The latest government research discovered that a fifth of us have no idea how to track old pension pots down. If you do have older pensions, these pots of money could play an important role in your future – and it’s a good idea to review them to see if they’re suitably positioned to support your retirement goals.
The government operates a pension tracing service, to help you find lost pensions (visit: www.gov.uk/find-pension-contact-details).