Charities and good causes could be in line for a windfall after up to £2 billion was found to be potentially available in dormant financial assets, including within the wealth management sector.

The Independent Dormant Assets Commission said its investigation has identified unclaimed assets including insurance policies, investment portfolios and pensions which could be distributed to good causes across the UK.

Civil Society Minister Rob Wilson said the money could change millions of lives.

The commission was set up in 2015 to look at whether the current dormant asset scheme covering unused...