'I'm £7,000 better off after making this check - others could have cash out there too'
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One man has shared how he has managed to boost his finances by £7,000 after discovering three lost savings pots. According to an analysis published by the charity the Pensions Policy Institute (PPI) in November 2024, around 3.3million pension pots - worth a collective £31billion - are considered "lost" in the UK. Graham, from the Shetland Isles in Scotland, was one of those millions not too long ago.
The 46-year-old told the Mirror that he was aware of his pension pots, although he knew that some were missing as he had a number of different jobs throughout his life. He said: "I left school at 16, because I just wanted to make some money. I didn't have any qualifications, and where I was living, there were a lot of manual jobs, so I ended up working in a salmon factory.
"After this, I moved on to working on building sites, and after being made redundant in 2010, I got a job at the local authority council. So I've had a few jobs since I was 16, and I was aware of pensions, but I wasn't aware of how many I was signing up for. So I would start a job, start another pension, and leave a job. That's just what happened.".
After a personal family incident, Graham knew he needed to get on top of his finances and look into his pensions as his savings were a "bit chaotic". After seeing an advert on social media last year, the dad-of-three decided to use the pension-tracing service Penny to do it, thinking: "I'll give this a go and see what comes up.".
