No Result
View All Result
Benefits Expert
  • About
  • Advertise
  • Alerts
  • Events
  • Contact
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST
No Result
View All Result
Benefits Expert
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST

Raindrop finds £218m in lost pensions as need for recovery tools set to grow

by Benefits Expert
02/07/2025
Digital-riches-lost-pension-savings-money-retirement
Share on LinkedInShare on Twitter

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. 

RELATED POSTS

health screening, NHS, employee benefits, wellbeing, preventative, health checks

Employer uptake of health screening rises as over half a million miss NHS checks

Digital-riches-lost-pension-savings-money-retirement

Employees want support to better understand how much to save for retirement

“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.”

Next Post
UK parliament, legislation strike

Employment Rights Bill roadmap gives employers ‘breathing space’

Young-workers-Gen-Z-stress-flexible-working-financial-education-commute-absence-

Financial stress distracting Gen Z from work and causing absences

SUMMIT

BENEFITS UNBOXED PODCAST

Benefits Unboxed
Benefits Unboxed

The podcast from Benefits Expert, the title for HR, reward and benefits professionals.

Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.

The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.

Benefits Unboxed – Hybrid work: reality versus rhetoric
byBenefits Expert from Definite Article Media

Return-to-office mandates are a topic that’s generating plenty of heat in the media, but how closely do the headlines match workplace reality? 

In this episode, one of a three-part series of 10-minute podcasts, hosts Claire Churchard and Steve Herbert discuss data that shows remote or home working is on the rise.

We look at what this means for HR, from balancing employee flexibility with business needs, to ensuring benefits packages remain fair and accessible. We discuss the pinch points, and the opportunities, in building the new normal of work.

Benefits Unboxed – Hybrid work: reality versus rhetoric
Benefits Unboxed – Hybrid work: reality versus rhetoric
31/08/2025
Benefits Expert from Definite Article Media
Search Results placeholder

GUIDE TO WORKPLACE PENSIONS



REQUEST A FREE COPY

OPINION

Steve Herbert, consultant, ambassador, reward, benefits, HR strategy

Steve Herbert: The art of the deal?

Lorna Ferrie, legal and compliance director, Mauve Group

Lorna Ferrie: hybrid is not a loophole, remote teams can’t ignore the pay transparency push

Holly Coe, Innecto Reward Consulting

Holly Coe: friendship is an overlooked superpower when tackling workplace absenteeism

Vitality. Pippa Andrews

Pippa Andrews: how to make exercise more enjoyable for women

SUBSCRIBE

Benefits Expert

© 2024 Definite Article Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy Policy
  • Terms & Conditions
  • Contact

Follow Benefits Expert

No Result
View All Result
  • News
  • In depth
  • Profile
  • Pensions
  • Global rewards
  • Financial benefits
  • Health & wellbeing
  • Diversity & Inclusion