Posted on May 11th, 2016 | Categories - News
The Government has launched a new website to help people track down old workplace and personal pensions, which they may have forgotten about, or lost touch with.
It is believed that over £400 million in pensions remains unclaimed and with retirement incomes being squeezed, every pound found will provide valuable income for pensioners.
The site has been launched in response to the needs of employees who change jobs more regularly than ever before and a 400% increase in pension tracing requests during the past 10 years.
Easy to use
The website is simple to use and has already become very popular.
Users simply need to enter the name of their former employer and they will be shown a list of possible pensions they may have been a member of and who to contact for further information.
Although the service won’t provide personal information, or confirmation that you hold a pension a particular employer or provider, it will give you a useful starting point, from where to continue your search.
Click here to carry out your first search.
Commenting on the new service, Pensions Minister, Ros Altmann said:
“People have had on average 11 jobs during their working life, which can mean they have as many work place pensions to keep track of. The new DWP online Pension Tracing Service helps reunite people with their lost pensions, giving details of providers to help people track them down.”
We’re here to help
The new service has limitations and you will still need to do some work yourself. If you would like help tracking down your lost pensions we are here to help. Call Bev or Sarah on 0115 933 8433 or email email@example.com