Martin Lewis says 3 million Brits have 'lost' pensions but shares how to track them down
In the latest episode of Money Show Live, Martin Lewis shared straightforward advice on how to locate lost pension pots. The consumer champion, along with a panel of retirement experts, guided viewers and audience members through the often complex landscape of private and workplace pensions.
Key points from Martin included not withdrawing from your workplace pension due to its vital role in providing financial security during retirement, and ensuring your expression of wish form is current, as pensions cannot be included in your will and could result in an unintended lump sum going to an ex-partner. He also highlighted the issue of 'lost pensions', which can occur when individuals change jobs, cautioning that around three million are currently unclaimed across the UK.
Auto-enrolment ensures those over 22 earning at least £10,000 per year are automatically enrolled into a workplace pension scheme. This began in 2012, so if you've switched jobs since then and lost track of your previous pension, Martin's advice on locating it could be crucial.
And for anyone doubting the worth of this effort, 59-year-old Trudy contacted the show to share her success story: after following Martin's guidance on tracking down lost pensions, she discovered one valued at a staggering £104,000", reports the Daily Record.
Martin Lewis said: "Nearly three million pensions are thought to be 'lost', often these are worth £10,000 - this is not trivial money. So, try contacting your ex-employer if you know who they are and digging out your paperwork if you can.
The Money Saving Expert pointed viewers to handy tools that can help them track down their missing pots. He said: "If not there are a number of pension tracing services, an easy one is the


