People are being urged to make claims with the DWP and HMRC
New research suggests the Department for Work and Pensions could owe as many as one in 20 people a huge lump sum due to lost or forgotten pensions.
Jasmine Birtles from Money Magpie told the ECHO: "One thing that we do know is that you can look for lost pensions of a deceased relative as well as your own. A huge amount of money could be claimed after the loss of a relative, money they themselves didn’t know they had.”READ MORE: Nationwide issues '£1 balance' alert to all banking customers
"Due to the vast number of pension schemes in existence and the requirement to remember key details about the lost relative, such as their employment history, people often find it far more difficult to track down old pensions in these circumstances. Helping people look for accounts belonging to lost relatives is therefore an important part of our mission to get the billions of pounds of dormant, lost and unclaimed money back into the hands of those to whom it belongs.
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