The UK government has announced that dormant assets across the insurance and pensions, investment, wealth management, and securities sectors are set to be unlocked, with the potential for more than £800 million to be made available to support the UK as it recovers from the coronavirus pandemic.

The idea behind the scheme is that funding raised through the expansion of the scheme will enable continued support of good causes, social investments and environmental initiatives.

This expansion of the Dormant Assets Scheme marks the completion of a four year review and public consultation process. The responses showed widespr...