Individuals could be missing up to £38,000 in 'lost' pension pots
UKPulse Money Desk
Many people may have lost track of pension savings, particularly after changing jobs, getting married, or moving home without informing previous providers.
- Individuals could be missing up to £38,000 from a 'lost pension' pot.
- Pensions can be easily lost track of, especially after job changes.
- Changes in marital status or home address can also lead to lost pensions if providers are not informed.
Individuals could be missing out on significant retirement savings, with some potentially having 'lost' pension pots worth up to £38,000. It is reportedly easy for pensions to become misplaced, particularly for those who have changed jobs during their careers.
Other life events, such as getting married or moving home, can also contribute to individuals losing track of their pension savings if they have not updated all their old pension providers with new details.
What this means for you: You may be able to check for lost pension pots if you have changed jobs, got married, or moved home and not informed all previous pension providers.