Huge Increase in people trying to track down lost pensions

A dramatic increase in the number of people trying to track down lost pensions signals greater awareness of pension-related issues.

According to law firm Pinsent Masons. An average of 11,785 people make requests to the Pension Tracking Service (PTS) every month in 2013/14.

This is compared to 6,424 in 2010/11-an increase of 83 per cent.

It is thought that more than a million pensions-worth a total of £3 billion-have been abandoned in dormant accounts; the Government estimates that by 2050 there will be 50 million such accounts in existence, worth £757 billion.

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