LONDON, Sept 11 (Reuters) - A common platform to enableBritish savers to group all their pension pots in one place andpotentially recover 400 million pounds ($530 million) in lostsavings should be ready by March 2017, Britain's financeministry said on Sunday.
The government-backed "pensions dashboard" has signed up 11of Britain's largest pension providers, the Treasury said in astatement.
A British person has an average number of 11 employersduring their working life, which could mean holding 11 differentpension pots, making it hard to keep track of them.
Around 400 million pounds in UK pensions savings are currently unclaimed, the Treasury added.
Austria, Finland, the Netherlands and Sweden already havesimilar platforms, a Treasury spokeswoman said.
Pension providers involved in the pilot project are Aviva, Aon, HSBC, LV=, NEST,Now:Pensions, People's Pension, Royal London,Standard Life, Zurich and Willis Towers Watson.
The Association of British Insurers will manage the pilot. ($1 = 0.7537 pounds) (Reporting by Carolyn Cohn; Editing by Greg Mahlich)