A sixth of workers have lost track of a company pension fund after moving jobs and the vast majority have no idea how much their contributions amount to, Prudential research has found.
The poll of 2,000 workers revealed 76% do not know how much their pension pots are worth. It also found 81% of workers do not bother to transfer their previous company pensions across to their new employer, while 15% relied on their new bosses to do it. The insurer said the results were an indication the number of lost pension pots would increase. Stan Russell, retirement expert at Prudential, said: "Saving into a pension today is an important step in the right direction for workers, to help ensure a comfortable retirement." He added it was essential people understand the amount...
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