27 October is National Pension Tracing Day. When the clocks go back, encourage your employees to use that extra hour wisely to check their pensions – because finding extra retirement money is far better than hitting the snooze button.

Our research suggests that 1 in 5 people* may have lost touch with an old pension, so imagine the difference that finding a lost pot could have to your employees’ futures.

For many, thinking about retirement can be a painful and unwanted wake-up call. We know it’s tempting to give yourself that extra hour in bed on this day. But suggesting to your employees they use this hour to track down old pensions instead may just help to give them the peace of mind they deserve.

We’re encouraging everyone on 27 October to give some thought to the pensions they may have left in the past and forgotten about. Use this poster with your employees to help raise awareness of their pension.

Why finding lost pots matters for your business

The financial wellbeing of employees is something that all businesses need to consider, now and in the future. What would an ageing workforce mean for your business? If your employees can’t afford to retire, how will it make them feel in later life?

Research suggests a clear link between money worries and physical and mental ill health. Locating lost savings can make a big difference to employees’ future finances, reducing their stress and making them happier, more productive colleagues.

Together, we can help alleviate some of that worry by making sure employees stay connected with their pension savings, so that when it comes to retirement, they know exactly what they’ve got and how to access it.

An hour in bed or a brighter retirement?

Here’s how your employees can spend that hour:

1. Look back over their career and list the places they’ve worked.
2. Dig out old paperwork and see if they were paying into a pension.
3. Get in touch with the old pension provider.
4. Check if combining their old pensions with their current provider is right for them.
5. Use our tools and resources such as our retirement planner and our financial wellbeing hub to help plan for the future.