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State pension income warning issued – savers urged to 'spring clean' their private schemes

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“It really does make sense to spend some time tracking down these missing pensions, as collectively they can represent a significant amount of wealth that you will one day need to live off and if you don’t know where they are, how can you know whether they are doing well?

“Once you have tracked these down it may be worth consolidating them into one plan where you can keep a closer eye on things. But before transferring any pension, it is important to check that you are not going to incur hefty penalties in doing so.”

People will also be able to check on their state pensions by heading to the Government’s website.

Here, it is possible to find out how much state pension they could get, when they can claim it and how to increase it if possible.



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