Penny has found more than £500 million in lost pension pots for UK savers. The success of the Penny lost pensions project shows that more and more people want digital tools that help them find lost savings and feel better about their future financial planning.
This major milestone underlines the scale of the problem in the UK — with an estimated £31 billion still sitting in lost pension pots — and demonstrates Penny’s growing impact in reconnecting people with their hard-earned savings.
Penny stands out for its innovative use of technology, combining smart data algorithms with an intuitive, user-friendly app to make pension tracing and consolidation effortless. Its ability to deliver such transformative results has been recognised recently, winning both Wealth Tech of the Year and Personal Finance Tech of the Year at the Europe FinTech Awards 2025. This Penny lost pensions recovery effort shows how digital tools can help UK consumers see their finances more clearly.
Penny’s success has attracted strong backing from notable investors, including Gradient Ventures, Google’s AI-focused venture fund, and Tom Blomfield, founder of Monzo. Their support has helped accelerate Penny’s technology roadmap and scale its impact across the UK.
“Too many people risk missing out on thousands simply because they’ve lost track of their pensions when changing jobs,” said David Henderson, Head of Pensions at Penny. “Our technology empowers individuals to find and consolidate their pensions easily — helping them feel in control of their financial future.”
A remarkable aspect of Penny’s growth is its scalability: the company has reunited over half a billion pounds in lost pensions with a lean, highly focused team of just seven people. This efficiency highlights the power of technology and strategic investment to solve one of the industry’s most persistent challenges without heavy infrastructure or large headcounts.
Penny’s momentum comes at a crucial time as policymakers and industry leaders push for better pension engagement and consolidation. The company remains committed to helping savers unlock their potential, reduce fragmentation, and prepare confidently for retirement.
