{"id":277480,"date":"2025-11-22T16:01:11","date_gmt":"2025-11-22T16:01:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/277480\/"},"modified":"2025-11-22T16:01:11","modified_gmt":"2025-11-22T16:01:11","slug":"state-pensioners-warned-millions-at-risk-of-losing-9470","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/277480\/","title":{"rendered":"State pensioners warned ‘millions’ at risk of losing \u00a39,470"},"content":{"rendered":"

Two-thirds (66%) have never tried to track down lost pots\"StateState pensioners warned ‘millions’ at risk of losing \u00a39,470<\/p>\n

State pensioners are being warned millions of pension pots risk being forgotten or lost, with new research from Standard Life revealing that one in four UK adults (26%) don\u2019t know who their current pension provider is.<\/p>\n

Two-thirds (66%) have never tried to track down lost pots<\/a> \u2013 despite the average lost pot being worth \u00a39,470. A quarter (24%) of adults don\u2019t realise that moving employers can lead to multiple pension pots, and fewer than one in three (30%) have kept track of all their pensions from previous jobs.<\/p>\n

Mike Ambery, Retirement and Savings Director at Standard Life, part of Phoenix Group, commented:<\/a> \u201cMillions of people risk losing out on valuable retirement savings simply because they\u2019ve lost track of their pensions.<\/p>\n

READ MORE SUV drivers face new ‘premium’ to park their cars in part of UK<\/a><\/p>\n

“With multiple job moves now the norm, it\u2019s easy for pots to slip through the cracks. While tracking pots down may seem like a hard task, there are simple steps you can take to get your pots in order.<\/p>\n

\u201cEven if consolidation isn\u2019t the right option for everyone, simply knowing where your pensions are and keeping a record can make a real difference.<\/p>\n

“Once you have a clear picture, you can understand whether consolidating appropriate for you \u2013 it can simplify your savings, reduce fees in come cases, and give you a better view of your overall retirement income. However, some pots may have valuable guarantees or benefits that could be lost if you move them.<\/p>\n

\u201cEach individual pot might not seem significant on its own, but together they can add up to a substantial boost to your retirement income.<\/p>\n

“By finding and managing lost pots, people could significantly improve their retirement lifestyle and make sure no hard-earned savings go to waste.<\/p>\n

“The good news is help is at hand, with Government initiatives like pensions dashboards and automatic small pot consolidation on the way \u2013 but the timelines remain uncertain, so it\u2019s important to take control now rather than wait.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Two-thirds (66%) have never tried to track down lost potsState pensioners warned ‘millions’ at risk of losing \u00a39,470…\n","protected":false},"author":2,"featured_media":277481,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,2215,4176,4174,4175,56,54,55],"class_list":{"0":"post-277480","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dwp","10":"tag-finance","11":"tag-personal-finance","12":"tag-personalfinance","13":"tag-uk","14":"tag-united-kingdom","15":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/277480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=277480"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/277480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/277481"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=277480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=277480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=277480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}