BCCT’s Financial Weekly with 10x Wealth Management (Scott Kingsley)
Shockingly there is a reported £19bn languishing in unclaimed pension pots, are you one of the millions missing out?
“Insurance association will work with UK government to ensure people ‘are reconnected’ with assets. Many Brits are not contacting their pension provider when they move house.
The Association of British Insurers (ABI) surveyed 2,000 UK adults and estimated that there are around 1.6 million pension pots worth £19.4bn ($24.2bn, €22.5bn) unclaimed.
This is the equivalent of nearly £13,000 per pension pot. The survey comes several years after the government predicted that there could be as many as 50 million dormant and lost pensions by 2050, as it set in motion plans for the long-awaited pensions dashboard. ”
The current situation has meant for most a lot more time on their hands to take stock of the things we have been putting off. For many that includes personal finance. Now is the time to get organized and look at where you stand and what you have.
10X Wealth Management can help in tracing any forgotten pensions and also giving you a better understanding of where you are and what you need to do to get to your end goal.
Email firstname.lastname@example.org for further details.