Unclaimed assets and dormant accounts in the United Kingdom - Great Britain, Scotland & Wales
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!
Most claims can be made in perpetuity but there are exceptions, so prompt action should be taken!
◄ For additional information go to FAQor select an asset type from the list.
SELECT FROM LIST
|BBA British Bankers Association Dormant Accounts|
|BSA Building Societies Association Lost Accounts|
|National Savings & Investments Tracing Service|
|Unclaimed Premium Bonds and Prizes|
|National Lottery Outstanding Prizes|
|The Pension Service Orphan Pension Search|
|Court Funds Office Unclaimed Balances|
|Unclaimed Windfall Bonus Shares|
|Standard Life Abandoned Demutualisation Shares|
|Halifax Unclaimed Demutualisation Shares|
|Nationwide / Portman Windfall Shares|
|Halifax / Bank of Scotland Unclaimed Accounts|
|Scotland Unclaimed Estates|
|Unclaimed UK Government Stock and Gilts|
|Lost Life Insurance|
|Unclaimed Shares & Dividends|
|Consumer Alert||Unclaimed Assets and Dormant Accounts in the News ...|
The BSA, BBA and NS&I have teamed up to establish a way to search dormant accounts held at 59 building societies, 42 banks and the NS&I, including Post Office Savings Accounts. Go to: http://www.mylostaccount.org.uk/
A recently proposed unclaimed assets scheme
would transfer balances from bank and building society accounts dormant
longer than fifteen years to various charitable causes, although owners
would never lose the right to reclaim their funds.