Savers may be missing out on £20bn in lost pensions

A new study has found that as many as 1.6 million pension pots, worth nearly £20 billion, may lay unclaimed in the UK.

This is more than previously estimated and is thought to be the result of frequent job changes and home moves.

The average person has around 11 jobs over their lifetime, according to the research, and moves homes eight times, while nearly two-thirds of savers now have more than one pension.

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Posted in ARA News.