Pensions - Articles - TPAS launch new ‘trace a lost pension tool’

 Sometimes people don’t even realise that they have a pension because of automatic enrolment. If you’ve been automatically enrolled and you haven’t opted out, you will have one, so make sure you keep track of it! Or, perhaps you were sold a contracted out policy in the 1990s. When did you last get a statement?

 Losing a pension continues to be an issue for many, especially when you have been in more than one scheme, have changed employer or moved home. But, there are some simple tips you can use to help keep track of your pension pots, including making sure contact details are up to date. Whatever the reason for losing track, it’s important that you claim your pension entitlement as soon as possible.

 Here at TPAS, we’re contacted by lots of savers each year asking for our help in finding a pension they may have lost. To help savers locate lost savings, our specialist team at TPAS, has developed a new ‘trace a lost pension’ tool available from our website.

 Michelle Cracknell, Chief Executive of The Pensions Advisory service said “Every year our service is contacted by hundreds of people asking about how they can locate a pension they contributed to. Many of the people who contact us struggle to find lost pensions or may not even know how to begin the process.

 Our new ‘trace a lost pension’ tool helps customers understand whether a pension is likely to be due to them and gives them tips on what they can do to find them. It also explains how we can help.”

 The tracing tool can be located via the TPAS website www.pensionsadvisoryservice.org.uk/my-pension . We are also launching a Twitter campaign from 12th to 16th September, where we will be offering some top tips on how to find and, how to keep track of later life savings. To share and support this campaign, you can follow @TPASNews or search #lostpension and #lostpensiontip.

 To access the tool direct, please use this link