Unearthing Hidden Retirement Wealth

In an incredible achievement, pension-finding platform Raindrop has successfully recovered a staggering £500 million from nearly 45,000 lost pension pots since its inception. This remarkable feat highlights the urgent need for savers to track down their forgotten retirement funds.

A Year of Unprecedented Growth

The momentum continued throughout 2024 as Raindrop's innovative technology generated an impressive £251 million in pensions recovered—marking a 61% increase from the £156 million found in 2023. With over 18,000 lost pots traced this year alone, the average value of these funds has reached nearly £14,000.

The Reality of Lost Pensions

A daunting 81% of working-age adults admit they are not entirely sure where all their pension pots are, with 19% expressing genuine concern about insufficient retirement savings. This underlines the significance of platforms like Raindrop, which connect savers to previously inaccessible funds, offering a crucial financial boost.

Staggering Amounts Just Waiting to Be Found

Recent research from the Pensions Policy Institute (PPI) revealed that a staggering £31.1 billion is estimated to be languishing in lost pension pots across the UK. With approximately 3.3 million lost pots, each averaging nearly £9,500, the potential for financial liberation is vast.

Collaborating for Change

Raindrop is dedicated to tackling this predicament by partnering with major pension providers and financial institutions, including AJ Bell and Standard Life. These collaborations empower providers to offer their own pension tracing solutions, making the process more accessible to their customers.

Empowering Savers for a Secure Future

Vivan Shridharani, Co-Founder & CCO at Raindrop, emphasizes the growing demand from savers eager to reclaim their lost savings. "Tens of billions of pounds are waiting to be reclaimed, and millions have lost track of their retirement accounts. Our partnerships with leading financial providers enable savers to take charge of their financial futures," Shridharani stated.

A Tech Solution for All

As Raindrop's simple technology continues to integrate with more pension providers, millions of savers will gain access to this life-changing platform. With each new partnership, the potential to reunite individuals with their lost pension pots only grows.