Media Centre
Public Affairs
Treasury Publish Consultation Document on Unclaimed Asset Scheme
|
Contact: Rachel Le Brocq Date: 3 Apr 2007 |
Print page | Email |
On the 20 March, HM Treasury launched a consultation “in order to allow money in dormant bank and building society accounts to be reinvested in society, without taking away consumers' rights to reclaim their money”.
The BSA has been in discussion with the Treasury on this issue since the 2005 Pre-Budget Report. The consultation is a result of these discussions. A further consultation, expected later in the Spring, will set out the most effective means of distributing the money.
The BSA co-authored the foreword to the consultation and issued a press release backing the consultation. The BSA press release can be viewed here
The HMT press release and consultation here
