Forgotten pensions…
The extent to which pension policies are being forgotten has been revealed in research from Aviva. A survey of almost ten thousand people who hold a pension has revealed that just under one in eight (13%) admitted they have at least one pension that they had forgotten about [1]. This is equal to more than 2.5 million pension policies currently sitting in the back of people’s minds [2].
Among those with a forgotten pension, the majority believe they have misplaced one pot (77%), although 17% think they have forgotten about two and 6% have forgotten three or more.
According to government figures, there is an estimated £400 million in unclaimed pension savings [3]. At the same time, almost three in five
(59%) UK adults are worried about not having enough money to last them in retirement [4].
Annual Statement
Most pension schemes of which you’ve been a member must se