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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Case study: The hidden risk of a single member SSAS without a professional trustee

Case study: The hidden risk of a single member SSAS without a professional trustee

The problem, the solution, lessons learned

Caitlin Southall
clock 30 March 2026 • 4 min read
Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read