Unclaimed financial assets / dormant accounts
This note explains current moves to provide a mechanism for using unclaimed financial assets for charitable purposes, outlines the scale of the issue and provides advice on how constituents can check to see if they can reclaim any 'lost' assets. A more complete account of the issue can be found in Library Research Paper 08/73 which was produced for the passage of the Dormant Bank and Building Society Accounts Bill, in 2008.
This note explains current moves to provide a mechanism for using unclaimed financial assets for charitable purposes, outlines the scale of the issue and provides advice on how constituents can check to see if they can reclaim any 'lost' assets. A more complete account of the issue can be found in Library Research Paper 08/73 which was produced for the passage of the Dormant Bank and Building Society Accounts Bill, in 2008.