Savers are likely sitting on several different pension pots from previous jobs. It can be easy to lose track of each account and with no idea who, what or where to start - tracking these old pensions down can feel overwhelming.
We've found that on average our customers underestimate the value of their old pensions by 33%.
This means there's a total £20 trillion in pension savings left unclaimed.
Our Find My Pension tool has already helped savers track down millions of pounds of lost pensions.
Our Find My Pension tool can track down old pensions instantly.
Simply enter a previous employer's name and our extensive pension database can find the pension provider in the same search result.
Time is precious and we're here to save it. We know all the ins and outs of finding old pensions with different providers. Our tool offers the fastest way to get the details of old pensions.
When we've found an old pension our friendly, dedicated transfer experts can help getting the details together to transfer them over to Penfold.
Once a pension transfer has been requested, our transfers team will sort the rest:
Contacting previous providers
Keeping savers updated
We even update transfer progress on the Penfold dashboard along the way.
It's important to compare providers’ fees and any guaranteed benefits when deciding whether to transfer, and be sure that the investments available are suitable for you. We cannot accept defined benefit pension transfers. If you decide to close your Penfold account and the value of your account has gone down, the amount returned to the provider may be less than your original transfer.
If your employer is currently paying into your pension, transferring that account may mean you lose out on their contribution. For more information on the risks see here.