A free service to help people trace millions of lost pension pots worth an estimated £3billion is to be hugely expanded.
The Pension Tracing Service in Newcastle will triple its staff to 49.
Pensions Minister Steve Webb said: “We are working hard to make sure people get what they are entitled to.
“If you contributed to a pension in a previous job and don’t have any details any more, it would be worth contacting our free PTS to see how you can be reunited with your lost pension pot."
Last year, the service traced lost pensions for more than 125,000 people.
Last year, the service was contacted a record 145,000 times – double the amount in 2010.
In 87 per cent of cases, staff successfully managed to put customers back in touch with their lost pension provider.
Culled from mirror
The Pension Tracing Service in Newcastle will triple its staff to 49.
Pensions Minister Steve Webb said: “We are working hard to make sure people get what they are entitled to.
“If you contributed to a pension in a previous job and don’t have any details any more, it would be worth contacting our free PTS to see how you can be reunited with your lost pension pot."
Last year, the service traced lost pensions for more than 125,000 people.
Last year, the service was contacted a record 145,000 times – double the amount in 2010.
In 87 per cent of cases, staff successfully managed to put customers back in touch with their lost pension provider.
Culled from mirror
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