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Deprecated: Optional parameter $group declared before required parameter $content is implicitly treated as a required parameter in /home/unclaim/public_html/wp-content-677f/plugins/w3-total-cache/inc/functions/plugin.php on line 400 Banking & Money Archives - UnclaimedAssets.co.uk
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… Click Here to Read More
HBOS plc was established in 2001 as a result of the merger between Bank of Scotland and Halifax plc. If had an account with a bank or building society that is now part of Halifax or Bank of Scotland, including: North Brierley Equitable, Alford & District Investment Benefit, Braintree & Bocking, Yarmouth & Gorleston, Hull,… Click Here to Read More
£1.8bn in lost investments that can be searched by National Savings and Investments include: British Savings Bonds Capital Bonds Children’s Bonus Bonds Deposit Bonds FIRST Option Bonds Fixed Rate Savings Bonds Income Bonds Investment Accounts ISA or Direct ISA Ordinary Account Pensioner’s Bonds Premium Bonds Save As You Earn Savings Certificates Yearly Plans Post Office… Click Here to Read More
NS&I (National Savings and Investments) is one of the largest savings organisations in the UK, with over 26 million customers and more than £100 billion invested. NS&I separated from the Post Office Savings Bank in 1969, becoming National Savings. In 1996, it became an Executive Agency of the Chancellor of the Exchequer. £1.8bn in lost… Click Here to Read More
A building society offers savings accounts and mortgages as its primary business. They are mutual institutions, meaning those with savings accounts or mortgages also enjoy an ownership interest. Note because of this ownership interest and the fact many building societies have recently demutualised, account owners may be entitled to receive a windfall in the form… Click Here to Read More
An estimated £15bn is held in dormant bank and building society accounts, according to BBC reports. An account is considered dormant when a bank or building society loses contact with the account holder for a period of years. The BBAmaintains a record of dormant accounts in perpetuity. The account holder retains ownership of the dormant account,… Click Here to Read More
Consumer Alert – £3 billion in unclaimed shares & dividends
On average, between 2% and 5% of a company’s shareholders have either changed address or are deceased. Companies House regulations stipulate that shares may not be cancelled if a holder cannot be traced, shares belong to the registered owner or heir.
Many insurance companies used to sell insurance policies that cost just pennies each week. Referred to as "Penny" insurance and IB "Industrial Branch" policies, they were generally sold door-to-door or at local branches. Millions of beneficiaries and heirs have failed to claim these low premium insurance policies, now worth up to £500.
LV= Liverpool Victoria reports 1.1 million policies are lost and unpaid. Royal London has 464,000 lost policyholders. Britannic Assurance, now Phoenix, issued 800,000 IB policies. Other issuers include Aviva, Pearl, Swiss Life, Royal Liver, Refuge, Prudential, United Friendly, Victoria Friendly and others.
Begiinning 1 October, households are entitled to receive the first £400 instalment of the government's Energy Bill Support Scheme. The Post Office, the UK's biggest voucher processor, said only 60% of those eligible had redeemed the credits so far, which are valid for 90 days.