‘This is not the fault of the saver’: How to track lost pensions as billions go missing – Express

December 19, 2021 by No Comments

“Early pension engagement is key”

Fortunately, there are many tools available to savers who are keen to track down any lost pensions they have.

Mr Cao explained: “Taking advantage of pension hunter tools, or asking a financial adviser to help them track down their pension will certainly be beneficial. For example, impartial platforms like Mintago, a benefit provided by employers for their employees, search for lost pensions on users’ behalf and display information about lost pensions.

“Having access to the exact value of each pension pot will enable people to make more informed decisions about their future finances. Indeed, Mintago alone has helped track down over £4million worth of lost pensions in the past year, with the average pot worth £10,000.”

To really get ahead of the curve, savers could be proactive and work with their employers for optimal solutions. Where this is done correctly, both the employer and employee could benefit.

Source: https://www.express.co.uk/finance/personalfinance/1537550/pension-track-lost-savings-scheme-missing-uk


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