Billions in lost pensions

28.10.2022
Stephen Metcalf
Financial Planning
Stephen Metcalf

National Pension Tracing Day, 30th October 2022.

Stephen Metcalf

What could it do for you?

​Imagine the difference finding a lost pension could make to your life. It has been estimated that there could be 1.6 million unclaimed pension pots out there, worth an average of £13,000 each – over £19 billion in total.

Is it time to pay your pension some attention?

Why not join the #GreatPensionTreasureHunt and find out?

Is there a lost pension with your name on it?

Cast your mind back 10, 20 or even 30 years. Where were you working? Can you remember if there was a pension scheme? The provider would normally send you a statement every year but…

  • How many times have you moved home since then, and

  • Did you give your pension providers your new address?

If you forgot, all is not lost and you’re certainly not alone. It’s a fact that most pensions get lost when people move home because they don’t remember to give their pension providers their new address.

National Pension Tracing Day – 30th October, 2022

Did you know as many as 1 in 30 people could have a pension that they didn’t know they had? That could be you but there are ways you can trace and claim your money.

In the current cost of living crisis, retirement saving may seem like a luxury. And yet there could be lost money out there with your name on it – that’s money that could improve your retirement. 

So how do I trace my pensions?

Whilst there are many free pension tracing services in and around the UK, the government offers their very own, free service, called The Pension Tracing Service. It searches a database of more than 200,000 workplace and personal pension schemes to try to find the contact details you need. 

You can phone the Pension Tracing Service on 0800 731 0193 or search their online directory.

Once you find the contact details, typically the answering of a few simple questions is all that’s needed.

So why not join in and potentially discover a nest egg that you never knew you had…

Speak to one of our specialist advisers on any matters to do with your pension

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