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As you may be aware, the Government recently launched a consultation on expanding the dormant assets scheme beyond bank and building society accounts to include a wider range of financial assets. The Government is committed to this expansion, unlocking substantial sums of unclaimed assets for good causes while maintaining and improving consumer protection.
It is right and proper that the feedback from this consultation shapes any future dormant assets legislation. The Government will engage with the Leader of the House on the introduction of this legislation when appropriate.