Dormant investments worth millions could be handed to good causes

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

The REIT approach to property funds: How to lower the risks of commercial investments

Down suburban streets, you can almost hear a sigh of relief. House prices are rising again, which is good news for the bricks and mortar-obsessed British – at least those who are already on the housing ladder. But, not far away in the high streets and shopping centres, the news for another type of property … Read more

Chilango ‘burrito bond’ holders cash out £48,000 investments for £4,800

Some Chilango burrito bond holders cash out their holdings as they opt for a 90% write-off on nearly £48,000 of investments Nearly 800 people collectively invested £3.7m in Chilango’s mini-bonds The firm was in financial trouble and proposed a restructuring The measure offered investors the choice of cashing out 10p in the £1 14 bondholders … Read more

Have you ‘lost’ savings, investments and pensions over the years?

Savers often lose track of old accounts, pensions and investments over the course of a lifetime, and unfortunately a lot of this money is never claimed. Although it’s hardly the ideal scenario, this ‘dormant’ cash can at least be put to good use if its real owner doesn’t come forward. That’s the thinking behind the … Read more