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PARLIAMENTARY WRITTEN QUESTION
Betting (20 March 2020)

Question Asked

To ask the Secretary of State for Digital, Culture, Media and Sport, whether the Government plans to review the use of dormant betting accounts.

Asked by:
Mr Richard Holden (Conservative)

Answer

The dormant assets scheme enables money from dormant bank and building society accounts to be used for good causes. The government has recently launched a consultation on expanding the scheme to include a wider range of assets in the insurance and pensions, investment and wealth management, and securities sectors. Dormant betting accounts are not currently being considered as part of the expansion. The consultation invites comment on the government's proposals, including the range of assets proposed for inclusion. The consultation closes on 16 April and can be found at: https://www.gov.uk/government/consultations/consultation-on-expanding-the-dormant-assets-scheme


Answered by:
Nigel Huddleston (Conservative)
27 March 2020

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