Your company pension scheme isn’t only a legal obligation – it’s an opportunity to stand out to current and prospective employees and help your team live well in later life.
 
If you’re keen to support your employees’ long-term financial security, October is the ideal time to encourage greater engagement and urge scheme members to find “lost” pension savings.

Embrace National Pension Tracing Day and encourage employees to get involved

This year, National Pension Tracing Day is on Sunday 26 October. Now in its fifth consecutive year, the initiative is the brainchild of some of the UK’s largest pension providers, including Aegon, Legal & General, Standard Life, Scottish Widows, Royal London, and Aviva.
 
Every year, the list of companies getting involved grows longer – as does the “lost pensions” problem.

In fact, estimates suggest there are around 3.3 million lost or forgotten pension pots. Combined, these pension savings could total more than £31.1 billion [1].
 
1 in 20 people could be missing out on pension savings

As many as 1 in 20 people may have lost track of pension savings worth an average of £9,500.

This is easier to do than you may realise, and it’s an issue that is exacerbated by increased job mobility.

The average person changes jobs 12 times in their working life – meaning people can easily collect 12 different employer pension schemes, on top of any private arrangements they may have made [2].
 
And then there’s life itself. You or your employees could easily have lost sight of pension savings. For example, you may have:

• Changed jobs and forgotten to move your old workplace pension
• Set up a personal plan years ago and never checked it again
• Moved house without updating your pension provider.

Help your employees recover lost retirement savings

If you’re not convinced you can do much to help, think again.

When one HR director got involved in National Pension Tracing Day, two of her employees went on to recover lost savings – with one unearthing pensions totalling around £80,000. [3]
 
Here are two key ways you could raise awareness across your company.

1. Share information about how to trace lost pensions

There are five key checkpoints:

• Retrace your career moves: Note all the jobs you’ve had and roughly how long you worked there – old CVs, payslips, P45s, or P60s may help to jog your memory.
• Sift through old paperwork: Search past letters and emails for old pension statements.
• Review your details: Check that every pension provider has your current contact details. If everything is in order, take a moment to request an up-to-date statement.
• Look out for gaps: You may find gaps in your pension savings – if so, contact previous employers to find out about their pension scheme or use the pension tracing service on the government website.
• Bring it all together: Contact each pension provider and check if they have records of your pension. It may be worth asking if you had a pension with them but transferred it elsewhere.

2. Offer expert pension advice in the workplace

At Titan, we specialise in creating bespoke pension schemes designed to meet the unique needs of your business and workforce.
 
We also offer workplace advice. This includes a range of resources to help your staff understand the value of their workplace pension and how it fits into their overall financial plan.

And we don’t stop there.
 
One-to-one advice for each employee could be a valuable and long-lasting perk. Following a group presentation about their workplace pension, employees can book a 75-minute meeting with a Titan Financial Planner to discuss their needs.

Plans are afoot to reduce the risk of losing pensions in the future

The government recognises the high cost of lost pension savings and has been considering changes to legislation to address the issue.

In August 2025, it published a policy paper, Workplace pensions: a roadmap. Far-reaching in scope, the paper addresses the problem of higher costs and the significant hassle of keeping track of individual pots scattered across providers:

“We are committed to tackling this problem by authorising providers to act as consolidator schemes which will see members’ small workplace pension pots (up to £1,000) automatically transferred into a small number of large, good value schemes, subject to certain requirements.” [4]

While we await implementation, we welcome the idea of “Pensions Dashboards”, which could provide users with a complete pension picture – including workplace pension savings and the State Pension.

Get in touch

If you’d like to learn more about how we can help your employees find lost pension savings and prepare for a secure financial future, please get in touch.
 
Email [email protected] or call us on 0800 048 0150.

Please note
The information contained in this article is based on the opinion of Titan Wealth Planning and does not constitute financial advice or a recommendation for any investment or retirement strategy.
All information is correct at the time of writing and is subject to change in the future.

A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Past performance is not a reliable indicator of future performance.
 
The tax implications of pension withdrawals will be based on your individual circumstances. Thresholds, percentage rates, and tax legislation may change in subsequent Finance Acts.
Workplace pensions are regulated by The Pensions Regulator.

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