The UK has an estimated amount of £20 billion in unclaimed money, and lost pensions as reported by The Pensions Policy Institute suggest that 50% of this is in the private defined contribution pensions market. In fact 800,000 lost pensions’ means that some savers have lost touch with their pension providers. As the number of people with more than one private pension increases, the risk of more unclaimed pensions increases. Seeking professional financial advice could help you to keep track of your finances and contacting Pension Tracing Service could help if you think you might have a lost pension.
