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A UK study finds it takes about seven minutes to trace a lost pension using a free government tool, potentially reclaiming an average of £9,500.
A UK study finds it takes an average of seven minutes and 29 seconds to locate a lost pension using the government’s free online tracing tool, potentially unlocking pots worth £9,500 on average.
The research, conducted for the Pension Attention campaign ahead of National Pension Tracing Day on October 26, involved 400 participants who successfully traced providers through the gov.uk service.
Campaign organizers urge people to check past jobs, review old documents, and use the tool to reclaim unclaimed pensions, as an estimated 3.3 million remain unclaimed.
Experts caution about fees and lost benefits when consolidating accounts, while a new pensions dashboard aims to simplify tracking by centralizing all pension information.
Un estudio del Reino Unido descubrió que se tarda unos siete minutos en rastrear una pensión perdida utilizando una herramienta gratuita del gobierno, lo que podría recuperar un promedio de £ 9,500.