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Tory pension promise not costed- BSA

The Building Societies Association has hit out at promises made by the Conservative Party at their annual conference in Bournemouth to use unclaimed assets in banks and building societies for victims of pension wind ups.
The BSA says this is an uncosted policy, as no thorough work has ever been undertaken as to the full amount held in lost accounts. An initial BSA study estimates £33 million is held in unclaimed accounts
within the building society sector, a fraction of the estimated
£15 billion quoted by politicians.

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Graphic Content – August

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