UK - The Mineworkers' Pension Scheme has joined forces with The Unclaimed Assets Register to track down 30,000 members who have not claimed entitlements.
The move comes at a time when many occupational schemes are looking to reduce member payouts in an effort to ease the financial strain on sponsors.
But the MPS – which has near £10bn in assets – says it is determined to give missing deferred members, some of whom go back to the 1960s, what they are owed.
MPS benefits manager Mike Furbank said the partnership would give the company access to UAR’s sophisticated Experian tracing technology.
He said: “The UAR will place these members’ details on their register so any person enquiring will be put in touch with the scheme.
“We will try very hard to find as many of these people as we can and we hope word will spread.”
The £9.8bn MPS is one of the largest funded occupational schemes in the UK.
It has 238,000 pensioners and 140,000 deferred members.
The UAR, a database of unclaimed money has more than four million records in its files.
Mining workers involved in a bitter strike in the mid-1980s may also be entitled to pension pay-outs.
The National Union of Mineworkers believes some workers, who were, it claims, unfairly dismissed, may be entitled to up to £20,000 in pension back pay.
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.