New way to find lost pension money starts today

It is easy to lose track of pension money.

Scottish Widows has a new tool to help find lost pension money.

There are 3.3 million lost pension pots in the UK, worth £31.1 billion. Many people lose their pension pots. This is a big problem.

People often lose their pension pots when they change jobs or move houses.

Scottish Widows is working with a company called The Pension Lab to help people find their lost pension money.

To use the new tool, people need to log in to the app and enter their National Insurance number and other information.

You can join our Money WhatsApp group to get news and deals on your phone. We also give our community members special offers and promotions. You can leave the group anytime you want.

You can also sign up for our Money newsletter to get advice and deals in your inbox.

Then, people need to sign a digital letter to let The Pension Lab contact their pension providers.

After that, people can choose to leave their pension pots where they are or combine them.

Before making any big changes, people should get free advice about their pensions. They can get guidance from MoneyHelper.

The CEO of Scottish Widows said many people do not know how much they have saved for retirement because their pensions are with different jobs and providers.

There are millions of unclaimed pension pots in the UK, and helping people find them is important for their retirement.

Scottish Widows has made it easy for people to find and combine their pensions using their app.

Many people want to manage their money in a simple and digital way, and Scottish Widows is investing in tools to make this possible.

By making pensions easier to manage, Scottish Widows is helping people take control of their retirement plans.

The Government has a free tool to help people find lost pensions. People need to provide their old job details, and the tool will give them the contact information of the pension provider.

The Government tool does not give people the details of how much they have invested. They need to contact the pension administrator to find out if they have any money with them.

There will be a new pensions dashboard tool this year that will let people see all their pension information in one place. All pension schemes must be connected to the dashboard by October 31, 2026.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Practice Listening

Practice Listening