Why You Should Use a Pension Tracing Service

Losing track of your personal pension is more common than you might think. Frequent job changes, changes in personal details, and simply forgetting about an previous workplace pension scheme can all contribute to lost pensions. Here are some valuable benefits of using a pension tracing service like PensionRecoveryService:

1. Expertise and Efficiency: Our team of qualified pension specialists has the expertise to navigate the complex landscape of pension providers, government agencies, and previous employers. This ensures that your search is thorough and efficient.
2. Comprehensive Searches: We don’t just stop at contacting your known pension providers or a former employer. We liaise with HMRC, DWP, pension trustees, and any other relevant sources to ensure no stone is left unturned.
3. Peace of Mind: Knowing that experts are handling your pension search allows you to focus on other important aspects of your financial planning without the stress of locating lost pensions.
4. Financial Security: Recovering lost pension pot can significantly boost your retirement savings, giving you greater financial security and more options for your retirement years.

How PensionRecoveryService Works

Our pension tracing service is designed to be simple and hassle-free for you. Here’s a step-by-step overview of how we assist you in tracing your lost pensions:

1. Initial Consultation: When you first contact us, we’ll arrange an initial consultation to gather all the necessary information about your employment history, any known pension schemes and previous pension providers. This helps us to create a comprehensive search plan tailored to your needs and ensure that we have enough information surrounding a previous employer, your contact details, and trace old pensions which you may have lose track of over the years.
2. Authorisation: To comply with data protection laws, we’ll send you a Letter of Authority template. This document needs to be signed and returned to us (you can e-sign it or send it by post). This authorisation allows us to contact pension providers and other relevant bodies on your behalf.
3. Detailed Search: Once we have your authorisation, our team gets to work. We reach out to your previous employers, pension provider, and government agencies like HMRC and DWP. We also check various databases and pension tracing services to locate all your pension pots.
4. Information Gathering: As we receive information from these sources, we compile a detailed report on your pensions. This includes their current value, performance, and any associated charges. This information is crucial for making informed decisions about your pension savings.
5. Review and Analysis: After gathering all the necessary data, one of our qualified pension specialists will review your pensions or pension pots, assess their performance, and compare them with current market options. This analysis helps trace pensions and whether they are performing well or if there are better options available.
6. Consultation and Advice: Once the review is complete, we’ll arrange a free consultation call with you. During this call, we’ll explain our findings and discuss how they compare to the modern market. Our Independent Financial Advisers, who are not affiliated with any specific pension providers, will provide clear, impartial advice based on your situation. You can then decide whether to take action based on this advice, seek consultation from another source, or decide against further action.

Conclusion

To find lost pension with PensionRecoveryService can make a significant difference in recovering lost pensions. Our expert team, comprehensive search methods, and clear, impartial advice ensure that you receive the best possible service. Whether you’re looking to consolidate your pensions, plan for retirement, or simply ensure that your savings are performing well, we’re here to help.

Don’t let lost pensions reduce your retirement security. Contact PensionRecoveryService today and take the first step towards reclaiming your financial future. If you have any questions or need further assistance, please visit our FAQs or contact our customer support team.