Karl McCartney – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Karl McCartney on 2014-04-02.

To ask Mr Chancellor of the Exchequer, what future plans the Government has to utilise funds from the unclaimed life policies or dormant bank accounts.

Sajid Javid

On 27 March the Government published a Review of the Dormant Bank and Building Society Accounts Act 2008, which set out the Government’s view on the existing schemes set up in the legislation.

The Government currently has no plans to use funds from unclaimed life insurance policies, but keeps all policy under review.