Printer Friendly

Forgotten pensions.

HALF of Britons have no idea how much money they have built up in pension schemes and one in six have even lost track of where the money is saved, a survey shows today.

One of the main reasons people gave for losing track of their pension was that they changed jobs, according to government website Directgov.

The research found that one in five people had changed employer at least five times by the time they were 34 while a third of people had paid into two or more pensions. Around 15 per cent of those questioned also claimed they did not bother keeping track of their retirement savings because they did not think they were worth much.

But Directgov warned that people could be losing out on benefits worth thousands of pounds by failing to keep track of pensions.

The government has launched a free pensions tracing tool at www.direct.gov.uk to help people track down retirement savings.
COPYRIGHT 2007 Coventry Newpapers
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Coventry Evening Telegraph (England)
Date:Sep 14, 2007
Words:161
Previous Article:How can we turn our city green? Councillors ask for ideas to cut carbon emissions.
Next Article:Even the Klingons got in on the fun! Telegraph On Tour READERS' SNAPS OF THE GREAT PLACES THEY'VE TAKEN THEIR FAVOURITE PAPER THIS SUMMER... THE...
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters