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The Dormant Assets Scheme explained, and how to avoid your money becoming part of it 

When money in a bank or building society is unclaimed for 15 years, the organisation can transfer the assets to the Dormant Assets Scheme (the Scheme).  This is a government and financial industry initiative that allows unclaimed funds to be used for social and environmental purposes where the owner cannot be contacted.  The Scheme has

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Can you use a joint bank account if the other holder loses mental capacity? 

Can you use a joint bank account if the other holder loses mental capacity?  It is often assumed that having a joint bank account is a solution to the loss of mental capacity. In fact, it can make matters complicated for both parties. We look at what might happen and explore the solutions.  Having a

Can you use a joint bank account if the other holder loses mental capacity?  Read More »

A Hand Tipping A Pension Pot In To Another. Consolidating Multiple Pensions Concept.

New pensions pot consolidator could provide £1,000 pension boost

New pensions pot consolidator could provide £1,000 pension boost The Department of Work and Pensions has announced that the government intends to reform pensions management, combining small pension pots to help working people. It has been estimated that the move will boost retirement savings for the average worker by around £1,000. The changes are part

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