It’s currently estimated that there are 3.3 million lost pension pots in the UK, worth a combined total of £31.1 billion
A major update on a new tool that will make it easier for millions of people to keep track of their pensions has been issued.
The pensions dashboard will allow people to see all their pension pots in one place. It’s currently estimated that there are 3.3 million lost pension pots in the UK, worth a combined total of £31.1 billion.
There are lots of different reasons why pensions can become lost, such as if you move address and you don’t update your details, or you start a new job.
The latest pensions dashboards update shows 85% of pension records are now connected, with over 70 million private pension records and tens of millions of state pension records integrated.
All pension providers and schemes in scope of the legislation must be connected to the dashboard by October 31, 2026. Nearly 1,500 pension providers and schemes have connected since April 2025.
However, the service is not expected to be made available to the public until 2027 or 2028.
The Mirror has seen a preview of how the dashboard works, ahead of its launch. You will have to sign in with a GOV.UK One Login, which is free to get and lets you log in to various government services online.
You will be asked to provide your National Insurance number, which will make it easier for your pensions to be traced. Once you have logged in, the dashboard will show you any workplace or private pensions you may have, plus your state pension.
It will also show you your estimated pension income. The dashboard will show you all your confirmed pensions, plus ones where you may need to provide more details for it to trace it down.
The dashboard will only show pensions where you have not yet started taking income from it.
Money and Pensions Service (MaPS) has completed the first phase of consumer testing, using employees of pension providers and users who need assistance with technology. The second phase of testing is now underway.
Torsten Bell, Minister for Pensions, said: “We are on track for a major pensions moment, where for the first time people will be able to see their share of the UK’s £3 trillion of pensions wealth in one place.
“Pensions dashboards are a genuinely transformative tool for working people. For too long, savers have had little visibility of what they’ve built up over a lifetime of work – that changes with dashboards.
“We’re building something that will help millions plan properly for retirement and with 85 percent of pension records connected is real, tangible progress.”
Oliver Morley, CEO of MaPS, said: “Thanks to the dedication and hard work of so many people in the pensions industry, government, regulators and more, we are making steady progress with pensions dashboards.
“It is exciting to see the positive experience enjoyed by people who have tested the MoneyHelper Pensions Dashboard, and the real difference it will make to tackling low engagement with pensions. By bringing together a person’s pensions information in one online and secure place, the dashboard will be a vital part of improving retirement outcomes for so many people across the UK.”
