I tracked down my 28 pensions and they were worth £250,000

Have you got more than 20 pension pots? Email jessica.beard@mailonsunday.co.ukReginald Smith knew that he had a few pensions from previous jobs, but even he was shocked at just how many he found once he and his wife Geraldine started digging.

Labour of love: Geraldine Smith helped her husband Reginald find the pensions he accumulated over his career From Rolls-Royce to dog food companies, mining firms, universities, energy supplier EDF Energy and chocolatier Thorntons, Reginald has worked across all sectors, collecting pensions with each job.

I have always been quite good at putting money aside, but I never thought about how many different pots of money I would end up with However, savers like Reginald could soon be able to keep just one pension pot for all of their working lives under plans announced by the Chancellor in November. This means most workers will retire with their savings split between a dozen pension pots, as workers have an average of 12 jobs across their career.

She says: 'People in their 20s are increasingly reporting having as many pensions by the time they turn 30 as people in older age groups because it's becoming more common to change jobs regularly. Accounts can be declared dormant if a pension provider's letters to you are returned saying you no longer live at the address. This is usually after a period of inactivity – where you have not touched any funds for between one and five years.

He says: 'Having all my pensions in one place is making it much easier to draw down from them for these kinds of expenses.'Savvy saver: Most pension schemes must send you a statement each year If you struggle to find any information, contact the pension provider, your former employer if it was a workplace pension, or the Pension Tracing Service, which is a free Government service.

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