A Dormant asset is a financial product, such as a bank account, that has not been touched for a long time. Currently, assets in scope of the Scheme come from the banking, insurance and pensions, investment and wealth management, and securities sectors.
The Dormant Assets Scheme is led by industry and backed by the government with the aim of reuniting people with their financial assets. Where this is not possible, this money supports important social and environmental initiatives across the UK.