Untouched DC pension wealth 'doubles' in UK, raising concerns

clock • 2 min read

Defined contribution (DC) pension wealth in the UK has more than doubled since the start of auto-enrolment in 2012, raising concerns about lost pensions. According to figures from Britain's Office for National Statistics (ONS), preserved DC pension wealth - where no withdrawals or contributions are being made - rose from £139bn in the two year period between 2012 and 2014 to £291bn between in 2016 and 2018. The analysis from EQ demonstrates how people could be in danger of losing track of their pension pots when moving between jobs or by not updating their contact details when they mo...

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