Unclaimed assets and dormant accounts in the United Kingdom - Great Britain, Scotland & Wales
Trace and Claim Missing Assets
The Financial Times reports there is a "sea of unclaimed assets sloshing around the financial system" very conservatively estimated to be worth £77 billion!
Assets are considered dormant when contact with the owner is lost - typically due to a name change after marriage or divorce, an unreported change of address or expired postal forwarding order, and incomplete or illegible records.
It's important to note millions of family members remain unaware they’re entitled to collect unclaimed assets owed deceased relatives, who passed on without leaving updated financial records for their heirs.
The majority of this lost money comes from dormant bank accounts, orphan pensions, unknown windfalls, missing shares and abandoned dividends, forgotten life insurance policies, National Savings Certificates and Premium Bonds which have not been redeemed. But also included is £300 million in unclaimed National Lottery winnings!
|Euro-Millions Unclaimed Lottery Winnings||Unclaimed UK Government Stock and Gilts|
|Court Funds Office Unclaimed Balances||Missing Life Insurance|
|Unclaimed Premium Bonds and Prizes||Unclaimed Shares & Dividends|
|National Lottery Outstanding Prizes||Unclaimed Windfall Bonus Shares|
|National Savings & Investments Tracing Service||Halifax Unclaimed Demutualisation Shares|
|Pension Service Orphan Pension Search||Nationwide / Portman Windfall Shares|
|Scotland Unclaimed Estates||Halifax Unclaimed Accounts|
|Standard Life Abandoned Demutualisation Shares||Bank of Scotland Unclaimed Accounts|
|Consumer Alerts||Unclaimed Assets and Dormant Accounts in the News ...|
|► £8,145,065 has yet to be claimed across the UK in National Lottery and EuroMillions prize money, including a £1 million Millionaire Raffle prize set to expire on 19 February. Go to: Euromillions Lottery Prizes|
|► NS&I holds 900,000 unclaimed Premium Bond prizes worth more than £44 million. The oldest is a £25 winner in 1957. Two £100,000 prizes, a £50,000 prize and two worth £25,000 also remain unclaimed. Go to: Unclaimed Premium Bond Prizes|
|► The BBC reports £15bn is held in dormant bank and building society accounts. Did you or a family member have funds at a bank or building society that moved, changed name or closed? Initiate a trace at: Dormant Account Search|
|► Life insurance policies are easily misplaced due to their long-term nature. Sources very conservatively estimate £2bn is languishing in forgotten and unclaimed life policies around the UK. Go to: Missing Life Insurance Trace|