Image:
Rory Murphy: Keeping member records accurate can improve outcomes for savers
In 2020 there were, according to the Association of British Insurers (ABI), 1.6 million unclaimed pension pots, with a jaw-dropping aggregate value of nearly £20bn.
The reasons for the failure of the pensions industry to pay out this enormous sum - or for its customers to claim their full entitlements - are various and often relate to commonplace life events. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
