Follow our mini guide to get a picture of your pension situation
Pension providers & former employers
Ask your previous employers for details of any old workplace pensions. It’s usually best to give the HR department a ring, making sure you’ve got details to hand like your employment dates and your dates of pension scheme membership. If you’ve worked for the public sector, you should be able to find information about your pension on the Department for Work and Pensions (DWP) website.
If you’ve paid into personal pensions managed by pension providers, speak to the providers directly. They’ll probably ask you for your full name, your National Insurance number and your date of birth.
The Pension Tracing Service
If you can’t get hold of your previous employers or you don’t know who your previous pension providers were, don’t despair. The Pension Tracing Service is a free way of getting help - it searches a database of company and personal pension schemes to find your pension providers’ names and contact details.
You need to give them some personal details to get started, which you can do by filling in their form online, phoning them on 0345 6002 537 or writing to this address: The Pension Service 9, Mail Handling Site A, Wolverhampton, WV98 1LU.
Talking to your pension providers
Once you’re in touch with your pension providers you can get information from them that will help you to build a picture of your pension pots. These are some useful questions to ask:
- What’s the current value of my pension pot?
- How are the funds being invested?
- What charges or management fees am I paying?
- How much income is the pension likely to pay out at my predicted retirement date?
- Are there any penalties payable if I move the pension to a different provider?