The number of lost pension pots has soared in the last four years by 75 per cent to 2.8mn with a total value of ￡26.6bn, according to a report this week highlighting the difficulties savers face keeping track of their holdings.
Ahead of National Pension Tracing Day on October 30, pensions experts are urging savers to redouble efforts to seek unclaimed, dormant and lost pension pots with an average worth of ￡9,500.
Between mid-2018 and mid-2022, the total value of lost pension pots in the UK has risen by 37.7 per cent, or about ￡7bn, says the report from the Pensions Policy Institute (PPI), an industry think-tank.
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