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Money Box

Money Box Live: Your Pension

Money Box

BBC

Business

4.2825 Ratings

🗓️ 30 November 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Are you one of the nearly three million people who has lost track of a pension? There is almost £27 billion that has been paid in by individuals and employers into a pension pot, but the firm holding the money has lost track of the owners. We'll give advice on how you can track your lost pension and take listener questions.

Email your question now to moneybox@bbc.co.uk

Featuring, Lauren Wilkinson, Senior Policy Researcher at Pensions Policy Institute, Duncan Stevens, CEO at Gretel and Nigel Peaple, Director of Policy and Advocacy at Pensions and Lifetime Savings Association.

Presenter: Paul Lewis Producer: Amber Mehmood Editor: Jess Quayle

(First broadcast 3pm, Wednesday 2nd November, 2022)

Transcript

Click on a timestamp to play from that location

0:00.0

You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.

0:06.5

I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.

0:11.2

I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,

0:16.0

relationships, identity, comedy, even one that mixes poetry, music and inner city life.

0:22.4

So one day I'll be helping host develop their ideas, the next fact-checking, a feature,

0:28.3

and the next looking at how a podcast connects with its audience, and maybe that's you.

0:33.6

So if you like this podcast, check out some others on BBC Sounds.

0:39.5

BBC Sounds, music, radio podcasts.

0:43.3

Hello, welcome to this Moneybox Live podcast.

0:46.6

Are you one of the nearly 3 million people who's lost track of a pension?

0:51.2

If so, you probably don't even know.

0:53.3

But there is almost 27 billion pounds

0:56.2

sitting there waiting to be reunited with its owner. If that's you, it could be worth

1:02.2

thousands of pounds for your retirement. That astonishing some has been paid by individuals and

1:07.4

usually their bosses too, into a pension pot with their name on it, but the firm

1:12.4

holding the money has lost track of who that name belongs to. So that's how it goes missing,

1:18.1

but where is it? And if it's yours, how do you get your hands on it? We're here to tell you how

1:23.0

on Moneybox Live. But many people have also been contacting us with other concerns about pensions,

1:29.0

particularly as the cost of living crisis bites. Should you save money by cutting back on what

1:34.2

you pay into a pension at work? Or have you seen headlines about pension pots plummeting in value?

1:40.7

Advice about all that too. But let's hear first from Jake, who's on the line. Jake,

1:46.2

your question. Hi, Paul. How's it going? I'm fine. What's your question, Jake?

...

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