Track down your lost pensions

A round-up of the week's personal finance news, including how to track down your lost pension, a new mortgage deal from HSBC and why you should beware of some car loans.

Increasing job mobility risks creating a "lost generation" of pensions, says Joanna Robinson on Thisismoney.co.uk. Research by insurer Prudential suggests 76% of people have "no idea of the value of the company pension pots they have built up over their careers".

An estimated £3bn now lies unclaimed in forgotten pension pots, either because employees forget about them when changing jobs or assume their old employer will switch the pot for them. When you change jobs, get an up-to-date pension valuation and file it carefully. If you have lost all records of a previous pension, try contacting the Pension Tracing Service (telephone: 0856-600 2537).

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