How to find a lost pension

Keeping track of your pension pots

These days, most of us change jobs quite often. And moving from employer to employer sometimes means moving from pension scheme to pension scheme – which can make it tricky to keep track of your different pension pots. 

Lost pension? Don’t let it lie 

If you think you’ve had a pension in the past, but can’t remember the details, don’t worry. It’s a common problem and even has its own name – ‘pension loss’. The good news is, there are a few different ways to track down those old pension plans. 

mature woman using wireless device

How do I find my pension?

Wondering how to find your missing pension? It can be as simple as making sure any old pension providers have a current address for you so they can keep you informed. 

  • The first step is to go through all those dusty piles of paperwork you’ve moved from house to house (we all do it!) to see if you can find details of any old pension schemes. Then, simply write to the company providing the pension, tell them your new address, and ask how your money is doing. You can find a great letter template from MoneyHelper, a free and impartial government service offering guidance about retirement options.
  • If you’re trying to track down a workplace pension, you could try contacting the company you used to work for. They may be able to point you in the right direction.
  • If you’re still drawing a blank – say your old employer doesn’t exist anymore, or you’re trying to track down an old personal pension and you don’t have any information – don’t give up. The Government offers a free service to help you search for lost or missing pension pots.

I’ve tracked down my old pensions – what next?

People raking for fish in a stream

Why not bring all your separate pension pots together, into one plan so all your pension savings are in one place.

Why? It makes it easier to keep track of your savings, so you know exactly where you stand. And because each individual pension plan has its own set of charges, it could also save you money.

Transferring a pension may not be the best option for you. You may lose features, protections, guarantees or other benefits - so make sure you compare products before transferring. It’s up to you to decide if this is the right decision for you. If you’re not sure, speak to a financial adviser - there may be a charge for this.

If you don't have an adviser, and need guidance on ways to begin accessing your pension, or are looking to bring pots together, our Aegon Assist team can help with this.

Pension loss – a billion pound issue

According to the Pensions Policy Institute, there's over £19 billion sitting in unclaimed pensions. Don’t let it happen to you. The next time you tackle the filing, gather your pension information together and put it somewhere safe. If you think you have any lost pensions, it’s worth the effort to track them down. And once you know where you stand, have a think about how best to make your hard-earned cash work for you in the future. What are you waiting for?