Pensions and investments could be tapped for £800m in UK's dormant assets

Pensions and investments could be tapped for £800m in UK's dormant assets

Up to £800m in pensions and investments assets could be unlocked following a major expansion of the UK's ‘Dormant Assets Scheme', the government announced this morning. Assets held via vehicles including savings endowments, investment bonds and income drawdown will be made available for a range of UK projects through the scheme. According to governement data, over £745m has already been distributed to a variety of causes using dormant assets held in banks and building societies. A cruc...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.