Pension finding platform Raindrop located £218 million worth of lost pensions in the first six months of 2025.
This unclaimed money was sitting across close to 20,000 lost pensions that the firm tracked down in this period. This means the average recovered account had £11,200 in it.
The amount located in H1 2025 is more than double the £104m the firm reported it had found during the same period last year. This was spread across 6,611 lost pensions.
The platform launched in 2020 and since then has reconnected people with £600m from 50,000 lost pension accounts. Raindrop said the largest individual nest egg it has found contained £1.16m.
The firm’s pension finding technology has helped close to 45,000 people trace pension accounts they no longer had the details for by working with banks, pension providers and financial advisers including AJ Bell and Standard Life.
The platform said its technology is being increasingly rolled out with existing clients and partners to offer more people a chance to find lost savings.
As much as £31.1 billion is estimated to be sitting in lost pensions, according to the Pensions Policy Institute. There are almost 3.3 million lost retirement accounts in the UK, with an average value of nearly £9,500.
The work of finding lost pensions is expected to continue as 81 percent of working-age adults admit they are not sure where all their pensions are. In addition to this, 19 percent are concerned they don’t have enough saved for retirement. Raindrop said this makes it “vital” that savers are offered more tools and support to locate lost retirement funds.
Vivan Shridharani, co-founder and CCO at Raindrop, said: “Through our collaborations, we’ve reunited savers with millions of pounds – however, billions are still sitting waiting to be found. There is strong consumer appetite to track down lost pension savings and we are planning new tie-ups with financial institutions and pension providers to enable millions more customers across the UK to track down lost pension pots. Many people may wish to consolidate their savings into one pot to potentially reduce fees and offer greater oversight of their total pot value, but the first step needs to be ensuring they have located all their pots.
“Raindrop’s solution provides some of the UK’s largest financial providers with the simple tools to empower customers to track down lost pots and take control of their retirement savings. Previously, locating lost pension savings has been notoriously challenging with many barriers in place, providers are increasingly embracing simple tech solutions to do the heavy lifting and reunite savers with unclaimed pots, often in a matter of days.”
