Penny is an app based pension company helping ordinary individuals track down millions in lost pension savings.In the UK the number of lost pension pots soared in the last 4 years by 75% to 2.8bn with a total value of £26.6bn.
The average unclaimed pension pot is £9,500. This statistic disproportionately affects younger people, who are more likely to switch jobs or who have been made redundant in the pandemic. Penny’s automated pension finding tech helps individuals from all backgrounds and wealth find their lostsavings and plan towards a better retirement.
The size of the pensions market here and the growing need to track down lost pensions means we are only just beginning. As more people are auto enrolled into pensions then subsequently move jobs there will always be lost pensions. We are on a mission to make pensions simple and enjoyable to engage with for all.
