L&G launches pension pot tracing and consolidation services

Unclaimed pots total £19.4bn

L&G Retirement Income managing director Emma Byron said the average value of lost pots was almost £13,000 and the government predicted there could be as many as 50 million dormant pensions by 2050
L&G Retirement Income managing director Emma Byron said the average value of lost pots was almost £13,000 and the government predicted there could be as many as 50 million dormant pensions by 2050
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Legal & General (L&G) has launched a pension tracing and consolidation business to assist consumers as some £19.4bn of retirement savings remains unclaimed.

The provider has launched a ‘no-strings' tracing service to help people track down lost or forgotten pension pots and a separate consolidation service to combine multiple pots with L&G. The tracing...

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