Billions in pensions go missing: JP Morgan and Standard Life reconnect Brits with lost wealth

cityam08-24

Brits have been reconnected with over £2bn of lost wealth Over £2bn in lost wealth was returned to savers in the first six months of the year, by firms including JP Morgan and Standard Life who want ...

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reconnect Brits with lost wealth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-24 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/billions-in-pensions-go-missing-jp-morgan-and-standard-life-reconnect-brits-with-lost-wealth/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Brits have been reconnected with over £2bn of lost wealth Over £2bn in lost wealth was returned to savers in the first six months of the year, by firms including JP Morgan and Standard Life who want ...</p>\n\n<a href=\"https://www.cityam.com/billions-in-pensions-go-missing-jp-morgan-and-standard-life-reconnect-brits-with-lost-wealth/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0557290698.USD","symbol_name":"施罗德环球可持续增长基金","start_time":0,"source_url":"https://www.cityam.com/billions-in-pensions-go-missing-jp-morgan-and-standard-life-reconnect-brits-with-lost-wealth/","article_id":"2661222892","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/12/Money-1-1.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/billions-in-pensions-go-missing-jp-morgan-and-standard-life-reconnect-brits-with-lost-wealth/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2661222892","pubTimestamp":1787547600,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Brits have been reconnected with over 2bn of lost wealth Over 2bn in lost wealth was returned to savers in the first six months of the year, by firms including JP Morgan and Standard Life who want to reconnect Brits with lost money.The initiative, dubbed ‘Billions 4 Millions, returned 2.5bn in lost and uncliamed financial assets to consumers, spanning pensions, investments, savings and financial protection.On average, customers were reconnected with 31,647, while the largest recovery involved a protection policy worth over 3.2m.The scheme, launched by lost asset finder Gretel in January, initially aimed to return 1bn to UK consumers by the end of 2026, but has now increased the target to 5bn.Duncan Stevens, founder of Gretel, said: “Lost assets are often thought of as small forgotten balances hardly worth worrying about, but these can be pensions, savings and insurance worth genuinely meaningful sums.”Stay ahead with our three daily briefings delivering all the key market moves, top 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INC"},"translate_title":"数十亿养老金消失：摩根大通和标准人寿重新连接英国人失去的财富","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IAI":0.6,"KBWB":0.6,"SMP":1.5},"content_text":"Brits have been reconnected with over £2bn of lost wealth Over £2bn in lost wealth was returned to savers in the first six months of the year, by firms including JP Morgan and Standard Life who want to reconnect Brits with lost money.The initiative, dubbed ‘Billions 4 Millions, returned £2.5bn in lost and uncliamed financial assets to consumers, spanning pensions, investments, savings and financial protection.On average, customers were reconnected with £31,647, while the largest recovery involved a protection policy worth over £3.2m.\n\nThe scheme, launched by lost asset finder Gretel in January, initially aimed to return £1bn to UK consumers by the end of 2026, but has now increased the target to £5bn.  Duncan Stevens, founder of Gretel, said: “Lost assets are often thought of as small forgotten balances hardly worth worrying about, but these can be pensions, savings and insurance worth genuinely meaningful sums.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOther firms involved include Aviva and Foresters Financial.\n\nLosing trackGretel estimates that roughly £89bn is sitting in forgotten or unclaimed accounts. Customers tend to lose track of their finances upon moving house, changing their name and if paperwork is misplaced.Accounts are declared dormant when banks fail to track holders down at their last known address or after prolonged periods of inactivity.Pensions account for roughly £31.1bn of unclaimed UK wealth according to the Pensions Policy Institute. Workers tend to lose track of pots when switching jobs or if their provider closes down.\n\nPensions accounted for 80 per cent of wealth returned, but just 38 per cent of overall value.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2661222892","isCrawlerRequest":true}