Over the last 25 years, SJP client Tim has built a highly successful and lucrative career in software sales and management – and picked up a number of workplace pensions as he moved companies.
Tim approached his SJP Partner, Nick with a very clear idea of what he wanted to know – where all those pensions were, and what were they worth.
He and Nick share their story and explain why tracking down all your pensions is the critical first step towards feeling confident about your financial wellbeing in later life.
Right from their first meeting at the local coffeehouse late in 2022, Tim made it clear to his SJP Partner, why he wanted to seek financial advice.
“I’m not saying you wake up in the middle of the night in a cold sweat,’ Tim says. “But it does suddenly cross your mind – what’s happened to that company pension I paid into for 14 years? Where’s the money I worked so hard for – and what’s it worth?”
It’s a familiar story. Pensions that came with a position you held early in your career, or for a short time, can drift out of sight – and out of mind, potentially leaving you out of pocket.
“Most people around my age – I’ve just turned 50 – will almost inevitably have a number of different pensions, preserved at the time you left that job.”
Tim had five pensions he could recall, but getting the full picture was, he says “long overdue.”
