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.

MT Financial Management is a firm of Chartered Financial Planners that provides independent and unbiased financial planning, investment portfolio management, pension review and trust review services to the clients of Moore Thompson Chartered Accountants and selected professional introducers.

We offer an initial meeting at our cost and with no obligation so that you can decide whether you wish to use our services before incurring any costs.

We will agree a fixed fee to provide a review of your ‘ current financial situation so that our experienced and independent financial advisors can determine whether your financial arrangements are appropriate, and recommend areas that need improvement. Of course, our proposals will be comprehensively explained, so that you can make informed decisions about any suggested changes.

All of our advisors are qualified to Chartered Financial Planner status, providing their high levels of technical knowledge and experience on a fixed cost basis.

As our fees are agreed in advance, we are not tied to promoting particular solutions and can focus on providing the best professional advice.

To find out more about our services, please contact Trevor Wilshire on 01775 717220 or visit www.mtfinman.co.uk

Posted in ARA News.