The total value of ‘lost’ pension pots - pensions which have become ‘disconnected’ with their owners - increased by £4.5bn from £26.6bn to £31.1bn between 2022 and 2024, by the Pensions Policy Institute (PPI) has revealed in a new report.

A fifth of people (19%) with multiple pensions think they’ve lost track of at least one of their retirement savings pots, according to new research from Standard Life.