Up to £15 billion worth of financial assets, including savings accounts, premium bonds, shares and investment polices, lie unclaimed in Britain. That’s about £250 for every man woman and child in the country.
The Unclaimed Assets Register reckons that £5 billion of savings, £3 billion worth of shares, £3 billion of pensions, £3 billion of national savings assets, £1 billion of life insurance policies and £300 million of lottery winnings are unclaimed.
Earlier this month, Standard Life said that 320,000 of its eligible policyholders have failed to apply for the free shares that are owed them in the life insurer’s stock market flotation. That is £300 million worth of shares, 6% of the total issued.