personal finance

Are you missing a pension pot? Average missing pot could see you retire 2.5 years early

“Forgetting to notify all your pension providers when you move means you won’t receive your pension documents and annual statements.

“Auto-enrolment to workplace pension schemes means you could have a pension pot from every job you have had, and with people working an average of 11 jobs in their career, that’s a lot of pension pots to keep track of.

“The UK also saw 5million people opting out of State Earnings-Related Pension Scheme (SERPS) in the 80s and 90s to lower their National Insurance contributions.

“To replace this, many opted for private pensions instead – the kind that is commonly forgotten about.”


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