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1 / 4 (24%) of Britons have misplaced observe of a pension, in response to a brand new report.
An additional 22% of these surveyed by funding supplier and platform Hargreaves Lansdown have been even uncertain if that they had a forgotten pension.
Youthful savers have been probably to have misplaced observe of a pension, with 44% of 18 to 34-year-olds saying that they had, compared to simply 7% of over-55s.
Many savers had a number of pension pots.
Near a 3rd (31%) of these surveyed mentioned that they had three or extra pensions.
Helen Morrissey, head of retirement evaluation at Hargreaves Lansdown, mentioned many Britons are underestimating the influence of getting misplaced a pension pot.
She mentioned: “In line with analysis from the Pensions Coverage Institute the common dimension of a misplaced pot is greater than £9,000. For some folks, the pensions discovered are value way more so the difficulty of misplaced pensions can have an enormous impact on retirement planning.
“Discovering a misplaced pension could possibly be the distinction between struggling to make ends meet or being extra comfy in retirement. It’s vitally vital to maintain contact particulars for pensions updated. When you suppose you’ve got misplaced observe of a pension, contacting the federal government’s pension tracing service may help.”
• Hargreaves Lansdown surveyed 2,000 British savers by way of Opinium in Might.
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