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Genre: Banking / Topic: Building Societies
Presenter: Gavin Oldham
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Gavin Oldham

Thought for the Week: Putting Dormant Assets to Work

Gavin Oldham
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Thought for the Week

Thought for the Week: Putting Dormant Assets to Work
Just in the United Kingdom alone, it has been estimated that there is £200 billion lying unclaimed as dormant assets. Better analysis is needed, more use should be made of search facilities by families — but the money needs to be put to work, prioritising inter-generational rebalancing. The Dormant Assets Act 2022 is a major step forward by Government, and the Reclaim Fund will enable its provisions to be put into practice. This will become an increasingly important contribution to empowering disadvantaged young people as the birth rate falls. Background music: 'Sea of Ancestry' by Jesse Gallagher.
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