Pension Tracing Service tops one million searches as people claim forgotten savings
New figures show that the Government’s Pensions Tracing Service has now been used more than a million times, - helping people across the country track down their lost or forgotten pension pots.
Launched by the Department for Work and Pensions in May 2016, the Pensions Tracing Service is a free and comprehensive online database listing more than 320,000 pension scheme administrators.
It’s simple to use – just type in the name of your former employers, and you’ll automatically see the contact details for any listed workplace pension schemes you may have paid into.
When the service was launched, experts estimated unclaimed UK pension savings were worth £400 million. With people having 11 jobs on average over the course of their working lives, it’s easy to lose track.
Guy Opperman, Minister for Pensions and Financial Inclusion, said:
“Keeping track of pensions savings over your career can be difficult, but with millions of pounds in unclaimed pots waiting to be reunited with their rightful owner, I’d encourage everyone to get in touch with the Pension Tracing Service today.
“After all, every pound traced is another pound towards a more secure retirement.”
For help on tracking down lost pension pots, contact the Pension Tracing Service today by visiting https://www.gov.uk/find-pension-contact-details for a simple, step-by-step process or calling 0345 6002 537, Monday to Friday, 8am to 6pm (+44 (0)191 215 4491 from outside the UK; 0345 3000 169 by textphone)
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