A quarter of Britons (24%) forget their pensions, according to a new report.
Another 22% of those surveyed by investment provider and platform Hargreaves Lansdowne weren’t even sure they forgot about their pensions.
Young savers are most likely to forget their pensions, with 44% of 18- to 34-year-olds saying they do, compared with just 7% of those 55 and older.
Many savers had multiple pension pots.
Nearly a third (31%) of those surveyed said they were receiving three or more pensions.
Helen Morrissey, head of retirement analysis at Hargreaves Lansdowne, said many Britons underestimated the impact of losing their pension pot.
“Research by the Pension Policy Institute shows that the average lost pot is over £9,000. It can have a big impact on your plans for retirement.
“Finding your lost pension can mean the difference between struggling to make ends meet or living a more comfortable retirement life. Keep your pension contact details up to date. is very important: If you think you have lost your pension, contacting the Government Pension Tracking Service can help.”
• Hargreaves Lansdowne surveyed 2,000 UK savers through Opinium in May.