How to find your missing UK pension ?

In my position I have seen so many clients that have worked in the Uk for a couple years and thought they have nothing there , but I have been the bearer of good news to a lots of clients .

Of you have worked in the UK or have had a UK contract there is a large possibility you have a frozen UK pension . This means there is money that belongs to you and we able to help you take control of it .

If you like more info drop me me a mail , tony.evans@devere-group.com

Tony Evans

Daily Mail – Are you missing out on a pension windfall? Five million job-hopping Britons are losing track of pension pots worth £3BILLION

Job-hopping is causing millions of UK workers to lose track of the pension pots they save into during their careers, meaning savings totalling billions of pounds go unclaimed in retirement.
With many young workers having already been employed by several firms in the early stages of their career, research from Age UK suggests that a shift in working cultures is resulting in a pensions ‘black hole’.
It found that almost a quarter of adults have lost track of at least one of their pension schemes, while many who have lost their pensions are unsure about where to start hunting them down.

Age UK’s Lucy Harmer said: ‘With the number of jobs we have over a lifetime increasing, it’s likely that people will accumulate several small pension pots.
‘In many cases these bring a less fruitful income in later life than one large pension pot.

‘It’s really important we all set aside time to keep on top of our personal admin, such as organising paperwork and keeping details of any financial products safe and secure. This is especially crucial for pensions as it may be some years down the line until they need to be accessed.’
The Pensions Tracing Service estimates that the amount of cash going unclaimed in ‘missing’ personal or occupational workplace pension totals around £3billion, with five million people having lost or forgotten about pensions.

While those over the age of 65 have worked on average for 5.6 employers, the changing career practices among the younger generate means that 23 per cent of those aged between 25 and 34 have already worked for a similar number of firms, but have around 35 years before they retire.

Workers who admitted to losing track of at least one of their pensions said they had been ‘lost in the mists of time’.

Around one in five admitted to being less than fastidious with their record keeping as they have lost their pension paperwork, while 10 per cent blamed moving jobs too many times to keep track of their pensions.

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Lost pensions by region: A breakdown of the Age UK research shows those in the south west are most likely to have lost track of their pensions.

The Government took action to assist those with ‘stranded’ pension pots in 2009, allowing people to cash in schemes with a value of less than £2,000.
Pensions minister Steve Webb meanwhile has been calling for an increase in the ‘pot follows member’ culture so workers can bring their pension with them when they transfer to a new job.
The Department for Work and Pensions (DWP) reported last year that UK adults now work on average for 11 different employers during their careers, and the Age UK research suggests this number is likely to rise.

The Government through auto-enrolment is taking steps to encourage pension saving among the working population, but the financial downturn has prompted a malaise about pensions which has been exacerbated by poor annuity rates and the closure of numerous final salary schemes.
The Age UK survey found that 12 per cent of workers said they do not think there’s any point in long-term financial planning as ‘nothing is guaranteed’, while nine per cent do not know how to start planning for retirement.

A quarter meanwhile say they recognise they need to save for retirement, but cannot afford to.

Barnett Waddingham consultant Malcolm Maclean said: ‘Where once upon a time it would have been unusual for a worker to have more than one or possibly two jobs over the whole of their working lives that is now no longer the case.

Regular changes of jobs means that individuals frequently accumulate a number of small pension pots which at some point they need to account for in preparation for retirement

Having located all the pensions, the individual should then consider bringing them together and purchasing a single annuity – it would normally give them a better return for their money than seeking to obtain a number of small annuities from different pension pots.’

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