View more on these topics

£8bn UK policy loose-out

The Unclaimed Assets Register, set up last year to find lost money, says there is up to £8bn unclaimed in various accounts and policies across Britain.


Many people move home without telling former employers holding pension funds for them or life offices in which they hold shares.


Untapped pension funds account for £2 billion of the unclaimed £8 billion. The rise of personal pensions means that many people have contributed to more than one policy.


A further £750 million lies in life insurance policies. Research last year indicated that 20 per cent of policyholders had no idea when their policy matured. Life insurers do not themselves search for people whose policies have matured.

Recommended

Internet payments to clear immediately

The Association of Payment Clearing Services have agreed that by next year, internet payments will be credited or debited straight away. The new payment system was announced after it met last week to discuss modernising the 200-year-old cheque clearing system. Cheque and debit card payments could also be speeded up under the reforms.At the moment, […]

Goodfellow Group – Securityfirst (inserted 27/03/00)

Type: Accident sickness and unemployment cover.Maximum benefit: £1,500 per month.Benefit payment term: 12 months.Deferred period: Choice of 30 or 60 days.Premium: 30 day deferred – £4.25 for £100 cover, 60 day deferred – £3.75 for £100 cover.Commission: 10% of monthly premium.Tel: 01376 347369.

Nationwide brings web to branch customers

Nationwide Building Society is to install 250 Internet terminals in branches across the country by the end of May.Customers can use the terminals during branch opening hours to connect free to Nationwide&#39s internet banking service.They will be able to carry out transactions such as managing their current and savings accounts, paying bills, setting up standing […]

Opra to answer questions on-line

Occupational Pensions Regulatory Authority, is to run its second web-based question time session on April 11. Participants can quiz chairman John Hayes, chief executive Caroline Instance and board member Harriet Maunsell on impending changes to the regulator&#39s powers. From April 3, most cases where an employer fails to pay employees&#39 contributions into an occupational pension […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com