Forgotten Pensions – Lost Pension Finder Service. It’s very easy to lose track of retirement packages over the course of a career. Changing jobs often leaves a trail of forgotten pension policies. But what happens to them?
They remain in a paid up state until retirement. However, It’s all too common for people with many pensions to lose track of them over time and for pension funds to move companies. Often the administrator/pension provider loses track of the policy holder’s whereabouts. As a result, many pensions are forgotten and never claimed.
Pensions can also become detached from their owners – you move and forget to tell the pensions company, and in the meantime, the pension fund changes hands and is managed by a new corporation. Your old employers may have ceased trading too, making the job of finding a lost pension even more tricky.
Forgotten Pensions – Lost Pension Finder Service
It’s a good idea to pull all your pensions together from time to time and to make sure the pensions companies have your latest address and other details. A good Independent Pension Adviser can help you straighten out your paperwork, track down your missing pension policies and tie up those loose ends.