Mylo, Aegon's pension consolidation service, has surpassed £250m in consolidated pension pots since launching in September 2025.

The service has attracted more than 166,000 registered users and enabled the consolidation of over 21,000 pension pots.

Mylo's consolidation service includes a pension-tracing function powered by Raindrop, alongside a route allowing members to combine pensions using details they provide themselves.

The milestone has been reached against a backdrop of an estimated 3.3 million lost pension pots, containing £31.1bn worth of assets, according to the Pensions Policy Institute.

Aegon commercial director of workplace, Nick Roy, commented: "The fact that more than £250m has now been consolidated through Mylo shows the growing demand for simple, digital solutions that help people take control of their retirement savings.

“It’s encouraging to see so many scheme members actively reconnecting with pensions that may otherwise have remained forgotten, helping them build a clearer picture of their financial future.” 

He said that the growth in registered users demonstrated the value of making pensions easier to find, understand and manage.

Raindrop co-founder and CCO, Vivan Shridharani, added: “Solutions such as Mylo are critical to tackling the dormant pots issue and improve UK retirement outcomes.

“Mylo and Raindrop’s partnership enables customers to simply trace and consolidate pension pots providing greater control and engagement over savings.”

---