What pension options do I have?
If you've saved into a defined contribution pension scheme during your working life, you need to decide what to do...

Lots of us may have money lying in inactive accounts that we've forgotten about. But it's free and easy to find out whether you have an old bank account, insurance policy, pension or premium bond – so if you think this could apply to you, it's worth tracking down.
It’s easy to lose touch with one or more of your accounts. Perhaps you’ve moved addresses or you may have had an account opened for you as a child that you’ve forgotten about.
An account can be lost or marked as ‘inactive’ if:
Even if an account has been marked as inactive for several years, the money in it is still yours and you're entitled to claim it at any time.
To track down lost money in bank accounts or savings, you can use My Lost Account. This is a free service that brings together three tracing schemes: UK Finance (UKF), the Building Societies Association (BSA) and National Savings and Investments (NS&I). This means that whether you've got a lost account with a bank, building society, or NS&I – or all three – you can search use My Lost Account to track it down. It can take up to 3 months for companies to complete their search.
No – you can print off the application forms from the My Lost Account website, or you can get in touch with them and request a paper copy to be sent to you.
However, it's important to know that paper applications take longer to process than online ones.
If you know which bank or building society held your account, get in touch with them and ask how you can make a claim. They may also have paper forms available.
In the video below, Jane Vass explains how you can find lost money and get help with claiming. In the second half of the video, Ian from London explains how easy it was to claim his lost premium bonds.
If you think you've got a lost pension, you can use GOV.UK to find contact details so that you can search for it. You can either find contact details for your own workplace or personal pension scheme, or for someone else's scheme – as long as you have their permission.
It's important to note that this service won't tell you whether you have a pension, or what its value is.
You can also request contact details from the Pension Tracing Service by phone or by post. Call the Pension Tracing Service on 0800 731 0193 or write to them at the following address:
The Pension Service
Post Handling Site A
Wolverhampton
WV98 1AF
United Kingdom
You can also use a free tracing service, such as .
Companies are constantly evolving with mergers, takeovers or rebranding. This makes it difficult for shareholders to keep track of their investments.
You’ll need to contact companies directly. Companies keep records of all their shareholders and dividends and can issue new certificates.
If you don’t have any contact details, get in touch with one of the main share registrars. They can give you information about a company’s history and current contact details:
If you want to track down a lost insurance policy, you have a couple of options. You can either:
How to go about finding lost premium bonds depends on your circumstances:
A good way to keep track of all your financial accounts is to make a list of the accounts and policies you have now. Make sure you keep all important paperwork in one place so you can find information and contact details easily when you need them in future.
You can only ask for a search to be done to track down someone else’s lost accounts if you're legally entitled to act on their behalf, for example if you're their attorney or an executor of their will. If you want to ask for a trace for more than one person, you’ll need to make a separate application for each person.
You should contact the relevant organisation listed above for more information, depending on what it is you’re tracking to track down.
Gretel is a service that launched in April 2022. It searches for all types of financial assets – including lost accounts, pensions, and investments. It's a completely free service, so it doesn't take a commission from the money that's found.
As Gretel is still fairly new, the financial institution that your money, account or investment is with may not be signed up to the service yet, so Gretel might not be able to find it at this time. However, new financial institutions are being added to the service all the time and Gretel will continue to search for your assets every two weeks – or until you ask it to stop. So if it doesn’t find your pension straight away, it may find it in the future.
When you sign up to Gretel it uses a soft search on your credit file to identify you, and match you with previous addresses. This won’t affect your credit score.
We offer support through our free advice line on 0800 678 1602. Lines are open 8am-7pm, 365 days a year. We also have specialist advisers at over 120 local ½ð¶à±¦´«Õæs.
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