Dormant

Dormant pensions and investments to be handed to charity

by

Orphan pensions and investments worth £800m could be handed to charity under plan to widen ‘dormant assets’ scheme Some £745m has been raised from inactive bank and building society accounts Insurance and pension policies, shares and other investments to be covered too Move requires legislation so it is unclear when money will start being released  … Read more

Workers stack up ever more dormant pensions as they move jobs

by

Workers have built up 8million dormant pensions worth £1,000 or less as auto-enrolment means they acquire a new pot every time they change jobs, new research reveals. The number is forecast to rise to 27million small inactive pots by 2015, which the study suggests will become unsustainable because of a double blow on charges. Small … Read more

Dormant investments worth millions could be handed to good causes

by

Orphan investments worth millions could be handed to good causes under plan to expand ‘dormant assets’ scheme Some £600m in inactive bank accounts has gone to charity since 2008  Investment funds, shares and insurance products might be covered in future Pensions are excluded due to huge upheaval and rule changes in recent years Plan for … Read more