How to track down lost pensions worth £1,000s
have leapt up in the last year, new figures revealed in a Freedom of Information request by The Sun to The Pensions Regulator show.TPR, which oversees workplace pensions, received 9,487 "whistleblowing reports" between January 2023 and February this year, the FOI found.In the year 2022/23, just seven complaints were recorded, although it is understood TPR changed the criteria for reports during that period.
Experts are now urging workers to ensure they are in their workplace scheme and to check their pension contributions are correct. "So, I would encourage anyone who has been deprived of their right to a pension to make a complaint to TPR, which has the power to fine firms who do not comply with the law”.Since October 2012, employers have had to enrol their staff into workplace pension schemes as part of a government initiative to get people to save more for retirement.
However, they added that TPR may also write to the company in question and resolve the issue without needing to launch a formal investigation. "Greater transparency and guidance over the kind of complaint that is likely to be investigated and the kind that isn't could be helpful to people working out whether they should pursue it."How can I complain to TPR if I have concerns about my pension scheme?
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