Find your lost pensions
House moves, career moves, busy family lives – it’s easy to lose track of pension savings. Failure to keep tabs on old workplace pensions has led to over 2.8 million pension pots worth £26.6 billion being misplaced or forgotten about, according to The Association of British Insurers (ABI). This is hard-earned savings that you could be missing!
Use the government free Pension Tracing Service to help you find lost pension savings. The service is simple to use and provides trace results immediately. Enter your former employers’ details into the online database and you’ll be provided with contact details for pension schemes you may have paid into. It will search a database of more than 320,000 pension scheme contact details.
Another best practice, we would recommend is to combine multiple pensions into a single pot, this makes it simpler and easier to manage and may also reduce costs. Contact us and we’ll conduct a free pension review and advise the best approach for you. If it does make sense to move your pensions, we’ll provide you with an initial report free of charge.
By Philip Harper | March 2024
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