People who move jobs and migrated have unwittingly amassed billons in forgotten pensions.
Britain is heading for a ‘lost pensions’ crisis with an increasingly mobile workforce predicated to create a £757bn trail in dormant pensions that could deprive them of thousands of pounds in retirement.
Employees normally leave any pension entitlement with their former company scheme when they move to a new job. These small pots are expensive to manage and easy to lose track of.
Many of these funds will suffer high charges and poor annuity rates, with their owners ignorant that returns could be increased significantly by consolidating their money and taking an active interest.
Millions more could go entirely unclaimed, so it is important that individuals seize the initiative themselves, not least because one in six people claim to have no idea where their UK pension is saved.
It can be hard to trace your UK pensions with employers once you have left the UK and after decades of corporate restructuring, mergers and acquisitions.
UK Company or Private Pensions
Do you have any pension funds still in the UK? Would you like us to obtain current transfer values and retirement options of these funds?
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