Only 40% adults know where all their pensions are held, research finds
Research from Mylo at Aegon found more than a third (36%) did not know where all their pensions were held.
Only 40% of adults knew where all their private and workplace pensions were held, research from Mylo at Aegon found.
More than a third (36%) did not know where all their pensions were held.
This included 20% who knew where some were and 16% who did not know where any were held.
A further 24% said they did not have a pension.
Among pension savers, 72% said they opened their annual pension statement and 69% read it.
However, only 55% said the statement helped them understand whether they were saving enough for retirement.
30% never checked where their pension was invested, while 21% did so at least once a month.
Nick Roy, commercial director of workplace at Aegon, said: “You can’t plan effectively for retirement if you’ve lost track of your pension savings.
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