Punter Southall Aspire links with providers to push 'National Pension Tracing Day'

Pots worth £19.4bn lost or forgotten

Jenna Brown
clock • 3 min read

Punter Southall Aspire has joined forces with four of the country's biggest pension providers to launch National Pension Tracing Day on 31 October to highlight the issue of missing or lost pots, which total £19.4bn.

Scottish Widows, Legal & General, Standard Life and Aegon have supported the initiative that urges people to use the ‘extra' hour when the clocks go back to get started on finding their missing pension pots. Punter Southall Aspire said an estimated 1.6 million pots, worth more than £19bn - or £13,000 each - are currently lost or forgotten by the people who saved into them. It said people who have changed jobs or moved house are often likely to overlook telling their pension provider and then lose track of their money. The financial advice business added the problem would likely increa...

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