Estimates from the government suggest that there will be as many as 50 million dormant and lost pensions by 2050. Research* highlights that only one in 25 people consider telling their pension provider their new address when they move home; as a result, 1.6 million pension pots totalling £19.4bn – the equivalent of nearly £13,000 per pension pot – have gone unclaimed. A massive £1bn in pension assets were reunited with their owners in 2017.
*ABI, 2020
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