Penny was winner of the ‘Pension Tech of the Year’ award on Thursday evening at the Europe FinTech Awards 2023

IN BRIEF:

- Penny is an app based pension company which helps ordinary people track down their lost pension savings

- Over the last four years, the number of lost pension pots in the UK soared by 75% to 2.8mn

- The total value of this lost money comes to over £26bn and the average unclaimed pension pot is £9,500

What does this mean?

David Henderson, Head of Pensions at Penny - “Our focus is on making pensions accessible, cutting out the jargon and helping ordinary individuals plan better for their retirement. It’s their money and they should have control over it. Tracking down lost pensions is the first step. Our tech allows us to do that quicker and easier than our peers, creating a better experience for individuals.”