Just over one in five people with multiple pension pots have lost track of some of their savings, Aegon research finds.
Nearly two-thirds of savers (64%) have more than one pension pot, but 22% of those said they have lost track of one or all of these accounts, an increase from 21% in 2016. Another 30% said they do not...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.