How Do I Find My Pension?
The government estimates there is around £400 million unclaimed pension savings in the UK. Is there money owing to you?
It’s possible. Around 2/3 people have lost track of contributions they’ve made during their working life and HMRC says the average value of these “missing” pension pots is £33,500.
Sound too good to be true? Between 1989-2012 over 6.5 million people in the UK “contracted out” of the State Earnings Related Pension Scheme (SERPS). Since that scheme ended it’s come to light just how much confusion it caused. A quarter of employees weren’t even aware they’d done this.
If you worked at any time during those years, or if you’ve changed jobs several times, it’s time to check for “missing” SERPS money somewhere. And it won’t cost you a thing.
If you’re interested in tracing your missing SERPS related pension please read on:
STEP 1) Submit your details online.
STEP 2) Sign and return a simple form. This gives your approval for us to start the pension trace.
STEP 3) One of our pension advisers will be in contact to talk through the results of the pension trace and run through the next steps.
Total time investment by you: 45 mins
Why should I trace my pension?
You can also do this by yourself. HMRC has set-up a dedicated Pension Tracing Service here. And they also send you a report.
But typically, our customers say those reports don’t give enough info. For example HMRC, only lists the info at the start of the policy’s date. And it’s not unusual over the years for a policy to have passed on to different policy holders. You see something like a company called “Scottish Amicable”. Then it takes further research to find out your policy is now with Prudential. We do all that for you.
But the main thing is, just knowing where the policy is doesn’t tell you what to do next.
– Is this a good fund? Should I stay here? Is it performing well? High or low risk? And are the management fees reasonable compared with industry averages? How is my money invested? What are the risks? How much am I paying in management fees and can these be reduced?
– Or should I consolidate my pensions?
As with all our services, your pension report is prepared by a Pension Adviser. So not only do they find any missing money, they can then advise you what to do next. With no obligation.
We only charge money (1.75% of the value of the transferred funds plus £450) if you decide to change or consolidate your pension. And there’s no obligation to do so.
Now, we know the ‘reclaim PPI’ industry has made consumers wary of so-called free financial services. So here’s our guarantee to you. If you contact Profile Pensions for SERPS Pension Tracing it is a completely:
No Obligation Pension Tracing Service
After we report back on the results, that’s it. There’s genuinely no pressure to do anything more. Which also means…
After we track down your pensions you never have to speak with us again. We won’t bombard you with weekly marketing. No automated phone calls or text messages trying to convince you to use our paid services.
What are you waiting for? Find your missing pension money now!