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ABI welcomes consultation on expansion of the Dormant Assets Scheme

Today the Government published a consultation on the expansion of the Dormant Assets Scheme. Please see below for a comment from the Association of British Insurers.

Yvonne Braun.jpgYvonne Braun, Director of Long-term Savings and Protection at the ABI, said:

“Insurers spend millions of pounds each year trying to reunite people with lost savings. But where customers cannot be traced after robust efforts, it’s right that truly dormant assets can be made available to good causes. These assets still belong to the saver, who can reclaim them in full at any time.

“We look forward to continuing our work with government to reconnect savers with their assets and to support good causes.”

 


Last updated 21/02/2020