Govt helps 350,000 people track down forgotten pensions

The service, set up in 2005, helped one in five people who used it find a lost or forgotten pension pot. This resulted in average weekly payments of £16 or an average lump sum of £1,900 that consumers did not know they had. Last year, the service received 82,587 requests from investors confused about their small pension pots. According to a DWP survey of people who used the service, 68% lost track of their pension because they moved to a new employer, whilst others forgot about their small pension pots when moving house, when their employers changed their names or closed down, or w...