Bristol FinTech Penny Tracks Down Over £200 Million in Lost Pensions in Just 12 Months

Founded by brothers Josh and Nate Stott, Penny was built to tackle one of the UK’s most pressing financial challenges: the estimated £31.1 billion sitting in forgotten pension pots.

By using AI to automate complex back end processes, combined with a user-first design, Penny aims to create a faster, simpler way for people to trace their pensions. Since launching, Penny has rapidly scaled and proven its impact, attracting attention from both

users and investors. The company is backed by leading names including Google’s Gradient Ventures and Tom Blomfield, founder of Monzo Bank — reinforcing its credibility and ambition in reshaping the UK pensions landscape.

“We started Penny to solve a problem that affects almost everyone — losing track of your pensions shouldn’t mean losing your future,” said Josh Stott, Co-Founder of Penny. “The fact that we’ve already helped people find over £200 million in just 12 months shows just how big this issue is — and how much impact we can have.”

With job mobility on the rise — the average Brit is expected to have 11 jobs over their working lifetime — the likelihood of losing track of old pensions continues to grow. Penny’s platform uses secure provider connections, automated tracking, and intuitive design to make it easy for users to locate and manage their retirement savings.

Over the past 12 months, the number of pensions found through Penny increased by more than 109% year-on-year, showing the growing need — and demand — for a simple, effective way to bring retirement savings back into view.

The numbers behind the headline tell a powerful story:

● The smallest pension found by Penny was less than 50p

● The largest: a staggering £421,077.75

● The current record for most pensions found for a single user is 15 separate pots

“One of the most rewarding parts of my role is hearing from users about the moment everything clicks for them — that lightbulb moment when a long-lost pension is found and they realise that their future is more secure than they thought,” said David Henderson,

Head of Pensions at Penny.

“Every time the app pings with another found pot, it’s not just about money — it’s reassurance, it's control, it's freedom. One of our users is now planning to travel the world after tracking down multiple forgotten pensions. That's the power of helping people reconnect with what’s already theirs.”