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New Pension Tracing Service website launched

Free online service should help locate workplace pensions

A new DWP website has been launched by the Pension Tracing Service to help people more easily and quickly locate any lost pension savings.

There is currently an estimated £400 million in unclaimed pension savings. This is money people have previously saved for their retirement, and the new website should better help people to locate their retirement savings. Pension savings may, of course, be a key asset for consideration on divorce.

Minister for Pensions, Baroness Ros Altmann, said:

"People have had on average 11 jobs during their working life which can mean they have as many workplace pensions to keep track of.

"The new DWP online Pension Tracing Service helps reunite people with their lost pensions, giving details of providers to help people track them down.

"I'd encourage anyone who thinks they may be missing out on any savings to use the free online service at www.gov.uk/find-pension-contact-details."

11/4/16