Insight  

As it's unlikely that you'll work for the same company for life, it's possible you'll build up a number of different pension pots.

Over time, it can be difficult to track down your lost pension pots. If you've moved house your details will be out of date, making it hard for your old pension scheme to find you.

There’s an estimated £19.4 billion* sitting in lost pension pots. So, if you think you’ve had a pension in the past, but can’t remember the details, don’t worry, it’s a more common problem than you think.

The good news is the Pension Tracing Service can help. It has details of a large number of pension schemes and can help people trace previous pensions. What’s more, it’s completely free of charge.

If you can’t find the current contact details of the pension scheme you’re looking for, contact the Pension Tracing Service and find out if they can help you.

* Source: ABI, May 2020