Directgov has set up a free pension tracing service aimed at people it believes are losing out on pension entitlements worth thousands of pounds.
The government body says its research shows over half of adults have no idea how much money they have built up in pension schemes simply because they have stopped keeping track of them.
It says the problem is likely to worsen due to the amount of times that people change jobs during their lifetime.
Fifteen per cent of people surveyed say the reason why they stopped keeping track of their pensions is because they do not believe they are worth much.
The tracing service can be found at www.direct.gov.uk and will have access to a database of over 200,000 occupational and personal pension schemes.
Directgov director of communications Tiffany St. James says: “Saving for the future is crucial but our research suggests that many UK adults are losing touch with their pensions and do not know how much money they have saved.
“The free pension tracing service on Directgov gives people an opportunity to trace lost pensions, enabling them to plan for their future.”