Over £19 billion ‘lost’ in forgotten UK pensions

Failure to keep tabs on old workplace pensions has led to billions of pounds worth of savings being misplaced or forgotten about, according to The Association of British Insurers (ABI). The ABI estimates put the figure at around £19.4 billion, comprising 1.6 million pots with an average size of £13,000. Pension pots can be ‘lost’ … Continue reading “Over £19 billion ‘lost’ in forgotten UK pensions”

Are you in danger of making a pension mistake?

A review of the retirement market by the UK regulator has raised concerns a growing number of people could be making poor decisions regarding their personal pensions. In 2015 a raft of changes were made to money purchase pension rules. Many people were no longer compelled to buy an annuity, a product offering a guaranteed … Continue reading “Are you in danger of making a pension mistake?”