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Are you saving enough?
Find out how much your lifestyle could cost when you retire and how to work out if your savings are on track.
Are you saving enough?Finding a lost pension could transform your future
One in 20 people have a lost pension and over 26.6 billion pounds are lost in misplaced pensions.
Do you have a pension you’ve last track of?
This National Pension Tracing Day (29 October), use the extra hour of the clocks going back to see if you have a pension pot you may be unaware of. You can visit nationalpensiontracingday.co.uk and join the #GreatPensionTreasureHunt on X (formerly Twitter) to find guidance on how to build your found pension pot into your retirement plan. You’ll also see real-life examples of how finding lost pensions has improved people’s lives.
Why tracing lost pensions is important
Finding a lost pension pot could make a huge difference to your life after work, giving you a boost in retirement income and could allow you to plan for a more comfortable retirement. With the cost of living crisis and prices still rising, it could make
your life more comfortable now, while giving you peace of mind for the future.
It’s an opportunity you don’t want to miss.
If you don’t have a lost pension pot…
It’ll still give you a chance to pay your pension some attention, to reassess your saving habits and think about whether you could save more for life after work.
To trace a lost pension pot, follow these simple steps:
- Step 1
List all places you’ve worked at over your lifetime
- Step 2
Go through old paperwork and see if you have any pension statements from previous employers
- Step 3
Identify any gaps. If you feel like you’re missing something, contact previous employers to find out if you had a pension you might not be aware of
- Step 4
Use the free Pension Tracing Service provided by the government.
Think of the bigger picture
Once you’ve reunited with any lost and forgotten about pensions, you may want to take a holistic approach to your pension savings. It might help to take stock of what savings you have currently across all your pension plans. This will help you understand
whether you’re on the right path to securing a financially happy retirement or you’ll need to make certain changes to your saving habits to achieve your goals.
Matt Riley
Manager
Matt joined Zedra Governance Limited (formerly PTL) in January 2008 having previously worked for Mercer Limited, Hazell Carr and Prudential.
As a Manager for the company's Birmingham Office, Matt’s responsibilities include working closely with Client Directors and individually liaising with Employers, Trustees and Members to ensure the smooth running of their pension schemes. Matt’s current portfolio of clients covers ongoing, paid-up and winding-up schemes. In addition, Matt has experience of schemes that have transferred or are in the process of transferring to the Pension Protection Fund and Financial Assistance Scheme. Matt also works closely with clients in relation to risk registers and internal controls.
Matt particularly enjoys resolving issues in a fair and pragmatic way ensuring that the right result is reached for the member or employer.
Sam Burden
Client Director
Sam Burden joined Zedra Governance (formerly PTL) in 2022. He is an Accredited Professional Pension Trustee (AMAPPT) and an Associate of the Pensions Management Institute (APMI)
Sam has more than 25 years’ experience in the pensions industry gained with WTW, KPMG, and Standard Life working with a wide range of pension schemes and sponsoring employers. His trustee appointments include DB, DC and hybrid pension schemes and he has experience of handling a broad range of projects relating to the management of pension schemes.
Beyond his pensions experience Sam is a former Birmingham City Councillor where he chaired the audit committee and a current charity trustee.
Payam Kazemian
Client Director
Payam Kazemian joined Zedra Governance Limited (formerly PTL Governance Limited) in 2021. He is an Accredited Professional Pension Trustee (AMAPPT) and an Associate of the Pensions Management Institute (APMI).
Payam has more than 17 years of experience in the pensions industry. Through his current role as a professional trustee, as well as previously as a pension’s de-risking and investment structuring expert at financial institutions including Goldman Sachs and Deutsche Bank, he has had overall responsibility for creating investment, de-risking, journey planning, and governance solutions for a wide range of UK DB pension schemes. He currently holds a number of board positions (as Chair of Trustees) and sole trustee in his professional trustee capacity. Payam has been involved with a number of pensions projects including pensions buy-in, pensions buy-out, GMP equalisation, investment strategy reviews, and dialogue with the pensions regulator. Payam looks to create and believes in a collaborative relationship between the sponsor, the trustee, and all other parties involved as this results in best member outcomes and helps deliver pragmatic solutions for scheme. Aside from his pensions experience, Payam holds a Ph.D. in Materials Science from the University of Cambridge.
