National Pension Tracing Day

Experts estimate there are around 3.3 million lost pension pots in the UK, with the highest average among the 55-75 age group at £13,620 each.  Since 2018, the number of lost pots has jumped by 75%, showing the problem is growing fast.

Why do so many pensions get lost? Job changes and moving house are the main reasons. The average person will change jobs eleven times and move home eight times in their lifetime, so it’s no surprise that paperwork and provider details are easily misplaced. Tracing yourself and encouraging your friends and family to track down these savings could ease future financial strain and allow them more choice in how and when they retire.

This year, National Pension Tracing Day takes place on Sunday 26t5h October, when the clocks go back. We’re encouraging people to use the extra hour to join the #GreatPensionTreasureHunt.