Around 1.6 million pension pots worth nearly £20billion remain unclaimed is a scary but true fact according to the Association of British Insurers! If you want to check if your one of them, see below for details of the governments FREE pension tracing service!
The average person reaching retirement may have had as many as 11 different jobs according to UK statistics and with auto-enrolment now in place it doesn’t take a rocket scientist to realise this will not get any better so there is never a more important time to get on top of your savings. Indeed, nearly two-thirds of people already have more than 1 pension!
How does this happen? The obvious answer is to keep your details with the providers up to date so if you change address for example – let them know. Whilst pension providers make money from looking after your pension’s they do have a responsibility to send you information such as valuations on a regular basis.
Use the Government pension tracing service (www.gov.uk/find-pension-contact-details) FOR FREE and get to know your pensions sooner rather than later – it is real money after all! Don’t forget, your local experts are always here to do it for you if you prefer!