Raindrop has reunited customers with £447m in lost pensions during the first quarter of 2026, a 309% increase on the £109m found in the same period last year.
The pension-finding platform located 61,858 pots in Q1 2026, up from 10,361 pots a year earlier.
Since launch, Raindrop has found £1.6bn in pension savings from 166,000 lost or forgotten pots, working with UK financial providers such as Aegon, AJ Bell and Monzo.
The Pensions Policy Institute has estimated that £31.1bn is sitting in 3.3 million lost pension pots in the UK, underlining the demand for pension tracing.
The average age of savers using Raindrop’s tool is 38.
There remains a gender gap, with 67% of pots tracked down by men and 33% by women in the first quarter of 2026.
Vivan Shridharani, co-founder and CCO at Raindrop, said: “There is huge consumer demand for simple pension-finding tools as people look to take control of their retirement savings.
“Lost pots remain a major issue in the UK, and locating lost pensions by yourself can often be a difficult and complex process requiring a great deal of time and effort.
“Tools such as Raindrop’s pension finding platform enables savers to simply track down their lost pots with minimal hassle and ensures they are maximising their retirement savings.”
Shridharani added: “Raindrop’s technology will have soon found over £2 billion in lost pots for UK savers as we continue to work alongside some of the UK’s largest pension providers to offer simple pensions-tracing tools.”
“In order to meet this demand, pension providers and financial institution are increasingly looking to support their customers by working with specialist fintechs like Raindrop who can unlock access to the technology to find misplace pension pots quickly and efficiently for savers.
“Not only can providers enhance their support for their customers, this approach also supports consolidation giving savers the option to bring their pots together making them easier to manage and often reducing fees.”
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