Stranded pensions – have you kept track of your pension accounts?

The “job for life” is long gone and many people now change job regularly, seeking promotion and a better salary.  But what about those company pension schemes you paid into for perhaps three or four years?  Have you kept track of them?

For thousands of people the answer is no, and it’s now estimated that there is £1.4billion lying in forgotten pension pots worth less than £5,000.  And that total is going to climb steadily - Government figures suggest that 4.7 million more small pension accounts will be added by 2050.

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