Untouched DC pension wealth 'doubles' raising concerns about lost pots

According to figures from the Office for National Statistics (ONS), preserved DC pension wealth - where no withdrawals or contributions are being made - rose from £139bn in the two year period between 2012 and 2014 to £291bn between in 2016 and 2018. The analysis from EQ demonstrates how people could be in danger of losing track of their pension pots when moving between jobs or by not updating their contact details when they move to a new house. While auto-enrolment encourages better pension saving it can also mean that workers retire with numerous pots from different employers that a...