1 in 4 Britons have misplaced observe of a pension
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1 / 4 (24%) of Britons have misplaced observe of a pension, in accordance with a brand new report.
An extra 22% of these surveyed by funding supplier and platform Hargreaves Lansdown had been even uncertain if they’d a forgotten pension.
Youthful savers had been most certainly to have misplaced observe of a pension, with 44% of 18 to 34-year-olds saying they’d, compared to simply 7% of over-55s.
Many savers had a number of pension pots.
Near a 3rd (31%) of these surveyed mentioned they’d three or extra pensions.
Helen Morrissey, head of retirement evaluation at Hargreaves Lansdown, mentioned many Britons are underestimating the affect of getting misplaced a pension pot.
She mentioned: “In keeping with analysis from the Pensions Coverage Institute the typical dimension of a misplaced pot is greater than £9,000. For some folks, the pensions discovered are price way more so the difficulty of misplaced pensions can have an enormous impact on retirement planning.
“Discovering a misplaced pension might be the distinction between struggling to make ends meet or being extra comfy in retirement. It’s vitally necessary to maintain contact particulars for pensions updated. In the event you assume you’ve got misplaced observe of a pension, contacting the federal government’s pension tracing service can assist.”
• Hargreaves Lansdown surveyed 2,000 British savers through Opinium in Might.
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