Millions of UK pension savers are being urged to check whether they have “lost” pension pots they can still claim. The reports cite estimates that more than three million pension pots are unclaimed, with an average value of around £6,000, often because people change jobs, move house without updating their provider, or otherwise lose track of previous pension arrangements.
Outlets draw on research referenced as coming from the Pensions Policy Institute. The Independent reports that around 2.5 million of the lost pots are held by people under 55, while it also says the average lost pot value is higher among older savers—£10,710 for those aged 55 to 74. The different articles emphasize either the scale of the problem or how savers can track down their pensions, but they broadly agree on the figures and on the main reasons pensions become disconnected from their owners.
