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Dormant assets scheme targets over £700mn from wealth management

News Team, 07/03/2023

The wealth management sector will soon be included in a dormant assets scheme that has seen £76 million unlocked from forgotten banking and building society accounts in a latest funding round.

Dormant assets are financial assets left untouched for long periods of time.

Led by the financial services industry and backed by the government, the dormant assets scheme aims to reunite people with these lost funds.

Where this is not possible, it can be transferred to the...


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