 said savers are at risk of losing serious amounts of cash as a result. But the good news is there are ways to work out if you have a lost pension - and how to get it. People can lose track of a pension pot because they change jobs, name or move house without telling their pension provider. Studies have shown that only one in 25 people instinctively think to tell their pension provider that they have moved home. In contrast, around 89% think to tell their GP or dentist. Martin Lewis fan gets £82,000 cheque from HMRC after following his advice Many Brits have lost track of an old pension pot ( Getty Images/EyeEm) Yvonne Braun, director of policy, long‑term savings and protection at the Association of British Insurers, said: 'The amount of money in lost pension pots has increased by 37% to £26.6billion in recent years, with people missing out on money that can make a real difference to their quality of life in retirement. "It's time to pay your pension some attention and use the resources available to track down any lost pots." How to find a lost pension The PPI said there are five simple steps people can take to trace their pension. These are to retrace career steps, check old papers, check that details are up to date, check for any gaps in your pension history and to contact your provider. You can track down lost or forgotten pensions via the Pension Tracing Service at gov.uk/find-pension-contact-details, or by calling 0345 6002 537. The free service run by the Government has an online database of more than 320,000 pension scheme administrators. You will need the name of an employer or a pensio){kind=link}
Brits have lost billions of pounds of pension cash hidden in lost retirement pots, but the good news is that this missing money can be tracked down and reclaimed
The value of lost pension pots has increased by £7billion in four years to reach a staggering £26.6billion.
Experts at the Pension Policy Institute (PPI) said savers are at risk of losing serious amounts of cash as a result.
But the good news is there are ways to work out if you have a lost pension – and how to get it.
People can lose track of a pension pot because they change jobs, name or move house without telling their pension provider.