Three million 'lost' pension pots worth an average of £6,000 each

New research from the Pensions Policy Institute reveals that three million lost pension pots exist, with an average value of £6,000 each. Approximately 2.5 million of these missing pots are believed to be held by individuals under the age of 55. For those aged between 55 and 74, the average value of a lost pension pot increases significantly to £10,710. These findings highlight a substantial amount of unclaimed retirement savings across different age demographics.