Pension-finding platform Raindrop recovered £218m in lost pension pots for customers during H1 2025, a 110 per cent increase from the £104m retrieved during the same period last year.

This equates to almost 20,000 lost pension pots that have been tracked down in the first six months of 2025 – up 196 per cent on the 6,611 pots located during the same period in 2024.

Since its launch, Raindrop’s solution has reunited savers with over £600m from 50,000 lost pension pots.

The latest results follow research from the Pensions Policy Institute (PPI), which estimated that £31.1bn was currently sitting in lost pension pots.

Indeed, there are almost 3.3m lost pots in the UK, with an average value of nearly £9,500.

Yet, with eight in ten (81 per cent) working-age adults admitting they aren’t sure where all their pension pots are, and a fifth (19 per cent) being concerned they don’t have enough saved for retirement, savers must be offered more tools and support to locate lost pots.

Raindrop co-founder and CCO, Vivan Shridharani, also claimed that “billions” of pension pots were still sitting, waiting to be found.

“There is strong consumer appetite to track down lost pension savings, and we are planning new tie-ups with financial institutions and pension providers to enable millions more customers across the UK to track down lost pension pots,” he continued.

“Many people may wish to consolidate their savings into one pot to potentially reduce fees and offer greater oversight of their total pot value, but the first step needs to be ensuring they have located all their pots."

Shridharani noted that previously, locating lost pension savings had been notoriously
challenging, with many barriers in place.

However, he claimed that providers were now increasingly embracing simple technology solutions to do the heavy lifting and reunite savers with unclaimed pots, often in a matter of days.

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