Mirror Exclusive: Penny finds 7 pots
Apr 29, 2024
It's not every day that a national newspaper features a remarkable story about rediscovering lost pensions, but that's exactly what has happened to one of Penny's members, Rob, as covered by The Mirror.
You can read the full article at The Mirror.
A Pleasant Surprise
Rob, a former serviceman and electrician, contacted Penny when he realized there might be more to his retirement savings than what he was currently aware of. Over the years, Rob had worked in numerous contracting roles and admits he hadn't thought much about his pensions, relying mostly on his army pension. Yet, digging deeper revealed more than he expected. After signing up with Penny, Rob discovered seven pension pots, six of which contained cash adding up to nearly £18,000. "It was always surprising when another was found," Rob shared with The Mirror, emphasizing the thrill of each discovery.
Finding Lost Pots
Penny made the search simple for Rob. By entering details of his previous employment, Penny tracked down Rob’s lost pots effectively, sending him alerts whenever a new pot was discovered. "This was when I first started contracting for the army," Rob recounted about his first found pot worth £385, "although it wasn't a mad amount, it was quite nice knowing that they found something from that long ago."
The Power of Consolidation
Rob's largest discovered pot contained an astonishing £11,000, a sum that left him thoroughly shocked. "I thought I was definitely not going to have that much in the pot but then when that one came through, I thought, blimey, this is worth it." This feeling of hitting the "motherload" as Rob puts it, underscores the importance of keeping track of all your pension pots, no matter how minor they may seem.
A Word of Encouragement
"The Mirror" coverage not only celebrates Rob's windfall but also serves as a significant reminder to everyone about the importance of monitoring and consolidating their pensions. Penny aims to simplify this process, offering an accessible platform that handles the searching and management of various pension pots with just a few taps on a smartphone.
If Rob's story has inspired you, think about revisiting your retirement strategy. Penny is here to help you uncover and manage your old pensions efficiently.
