'Millions' may have misplaced retirement savings

Figure could be as high as seven million

James Phillips
clock • 2 min read

One in every five people with multiple pension pots have lost track of some of their retirement savings, Aegon research has suggested.

Nearly two-thirds of savers (64%) have more than one pension pot, but 22% of those said they have lost track of one or all of these accounts, an increase from 21% in 2016. Another 30% said they do not know the value of their pensions, falling from 39% two years ago. The results come from a survey, commissioned by the provider, of 909 adults earlier this month, and could mean around seven million people have misplaced some of their retirement savings, once the figures are extrapolated to the general population. Head of pensions Kate Smith said the figures were concerning. "It's very...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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