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The issue of lost pots has been an issue for many years
The challenge of matching lost pension pots with their rightful owners is hardly new... Two decades ago, the 2004 Pensions Act included a regulation to “enable the Secretary of State to provide a Pensions Tracing Service [which] will provide persons with a free service for tracing unclaimed or “lost” occupational and personal pensions”.
A report on the work of the new tracing service (PTS), published six years later by the Department for Work and Pensions, estimated that "the value of unclaimed pensions totals around £3bn, althoug...
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