Standard Life's new partnership with Raindrop aims to address the issue of people losing track of their pensions, with new tools simplifying the tracing process.
The research reveals that while there are numerous benefits to consolidating pensions, including improved management and potential savings, 73% of individuals have not yet undertaken this process.
An estimated 2.8 million pension pots, valued over £26.6 billion, remain unclaimed in the UK, underscoring the importance of efficient tracking solutions.
Over a third of individuals with multiple pensions aren’t sure how to start consolidating, illustrating a significant barrier to effective pension management.
Collection
[
|
...
]