I’ve lost my company pension! This simple mistake will destroy your retirement

ive lost my company pension this simple mistake will destroy your retirement 1

Sumary of I’ve lost my company pension! This simple mistake will destroy your retirement:

  • Too many employees fail to to keep track of their old company pensions and pay a high price when they reach retirement.
  • Employees retain full rights to their company pension after moving job, but it is your responsibility to keep track of your pot.
  • As much as £113billion worth of pension savings could go astray, as a result of the post-Covid “Great Resignation”, according to new research from online pension provider PensionBee.
  • Although it is possible to consolidate all your workplace and personal pensions into a single pot, almost seven in 10 put off doing so because they are worried about the complexity involved, said PensionBee chief executive Romi Savova.
  • £100,000 in your pension pot buys this retirement incomeOnly one in six feel certain they are making the right plans for their workplace pensions, Savova said.
  • That would mean eight different pension schemes and Savova called on pension companies to remove barriers to consolidation such as jargon and paperwork, and simplify pensions using digital technology.

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