It is very common to lose contact with your pension providers. If you need assistance to locate a policy, speak to our advisors on 0808 141 0756 or complete our Pension Tracing Contact Form using the link below.
Recent studies by the Pensions Policy Institute have estimated that in 2023 there could be as much as £20.3 billion in unclaimed pensions in the UK, affecting around 1.6 million people.
There are many reasons why it’s important to trace your pensions, some of these examples may relate to you:
To make sure you’re receiving all the retirement income you’re entitled to.
If you’ve lost track of a pension, you could be missing out on valuable retirement income. By tracing your pensions, you can make sure you’re receiving all the income you’re entitled to.
To manage your retirement savings effectively.
Tracing your pensions can help you keep track of all your retirement savings, so you can monitor the performance of your investments and make adjustments as needed. This can help you build a more secure retirement.
To consolidate your pensions.
Tracing your pensions can also help you to consolidate your retirement savings into a single plan, which can make it easier to manage and potentially reduce fees and charges.
To pass on your pension to your loved ones.
If you pass away before accessing your pension savings, your loved ones may be entitled to some or all of the funds. By tracing your pensions, you can make sure that your beneficiaries know about all of your pensions and can make a claim if necessary.