What would you do if you found £13,000 you didn’t know you had? You actually could be sitting on this much extra cash and not know it, as there are unclaimed pension pots worth £20 billion in the UK, averaging £13,000 each.1 People change jobs and move homes so often that it’s easy to lose track of old pensions.
The thing is, if you’re a woman, you will certainly need that money. Why? The gender pension gap means your money needs to work even harder in the years leading up to retirement – by retirement age, the median pension wealth of women is about a third of men’s.2
- Lost pensions: what’s the scale and impact?, Pensions Policy Institute, 2018
- Understanding the Gender Pensions Gap, Pensions Policy Institute, 2019
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Flora Stamato BA (Hons) FPFS
Chartered Financial Planner and Fellow of the Personal Finance Society
Partner of St. James’s Place Wealth Management
St. James’s Place Wealth Management
11 Hamilton Place | Mayfair | London | W1J 7DR
The Partner is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website www.sjp.co.uk/products. The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives. Flora Stamato is a trading name of Flora Stamato Limited.