Business · Markets · 4 hrs ago

More than 3 million pensions worth £18.7 billion have been lost track of

More than 3 million pensions worth £18.7 billion have been lost track of

Savers have lost track of more than 3 million pension funds.

Together, the funds are estimated to hold £18.7 billion.

That works out to an average of £6,220 in each fund.

These are described as orphaned pensions, meaning savers have lost track of them.

The money remains in the funds, but people may not know it is there.

The figures show how much pension savings may be overlooked.

Sources

Related news