Value of lost workplace pension pots surges to staggering £26.6bn

The institute's Lost Pensions Survey 2022, published today (27 October) and sponsored by the Association of British Insurers (ABI), revealed the value of lost pots has risen by 37.7%, with 2.8 million pots now considered lost - an increase of 75% compared to 2018. The PPI said the average value of individual pots has declined over the last four years, despite aggregate assets having risen. It said ‘gone away' pots may be smaller due to more frequent job changes among younger age groups. Also, smaller pots are likely to be accrued by those brought into saving through auto-enrolment (AE...