New ‘trace a lost pension’ tool launched
14 September 2016
There are millions of pounds sitting in lost pensions. To help savers locate lost savings, The Pensions Advisory Service (TPAS) has developed a new trace a lost pension tool.
TPAS is contacted by lots of savers each year asking for help in finding a pension they may have lost. Have you checked whether you have any pension due to you from all of the employers you’ve worked for? There are millions of pounds sitting in lost pensions. Could some of it be yours?
Sometimes people don’t even realise that they have a pension because of automatic enrolment. If you’ve been automatically enrolled and you haven’t opted out, you will have one, so make sure you keep track of it! Or, perhaps you were sold a contracted out policy in the 1990s. When did you last get a statement?
Losing a pension continues to be an issue for many, especially when you have been in more than one scheme, have changed employer or moved home. But, there are some simple tips you can use to help keep track of your pension pots, including making sure contact details are up to date. Whatever the reason for losing track, it’s important that you claim your pension entitlement as soon as possible.
The new trace a lost pension tool will help you understand whether a pension is likely to be due to you and provides tips on what you can do to find them. It also explains how TPAS can help.
Read more about lost pensions on TPAS website.