Jessica Morden – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Jessica Morden on 2016-09-13.

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the current value is of Farepak unclaimed funds.

Margot James

The current value of Farepak unclaimed funds is £1,007,267.41.

The agency will hold the funds for the next six years, people can however continue to claim indefinitely. The Insolvency Service has liaised with media outlets and the matter has been covered by BBC Moneybox, MoneySaving Expert and BBC Watchdog, to draw attention to any unpaid creditor or has yet to come forward.