PARLIAMENTARY WRITTEN QUESTION
Dormant Assets Scheme (21 July 2020)

To ask the Secretary of State for Digital, Culture, Media and Sport, what recent estimate he has made of the value of dormant (a) stocks, (b) shares, (c) bonds and (d) insurance policies available for transfer to the Dormant Assets Distribution Fund.

Asked by:
Judith Cummins (Labour)

Currently, the dormant assets scheme only accepts bank and building society accounts. A consultation on expanding the scheme to include a wider range of dormant financial assets, such as shares and insurance policies, closed in mid-July. The government response to this consultation will be published this Autumn. We are working with industry stakeholders to estimate the value of the assets in scope for inclusion as part of this.

Answered by:
Sir John Whittingdale (Conservative)
2 September 2020