Could you have Lost & Forgotten Assets like so many others?

Lost and forgotten assets are a widespread issue affecting many millions of people in the UK. Over £50 billion is held in dormant accounts, savings products, pensions, and investments. When these accounts remain dormant for too long, the funds are often redirected to good causes rather than to their rightful owners and beneficiaries. Instead of leaving it to chance, ensure your family remains the "good cause" in your life.

According to FT.com these “dormant assets” are currently unclaimed by approximately 20 million people in the UK. Maybe you’ve lost track of your pension provider from years ago or changed jobs and forgot to update pension information. Imagine having a substantial retirement fund you’re unaware of, simply because it has slipped through the cracks.

Perhaps you purchase some of those unmissable ‘Tell Sid” shares back in the eighties and have since forgotten about them? Two in five of us have lost track of shares, child trust funds, and other investments and many people forget about life insurance policies they were convinced to take out during their youth.

To prevent your assets from being lost or forgotten, it is crucial to have an organised system in place for loved ones. This is where the NOTA:BENE System makes everything simple. It provides a comprehensive solution to help you note everything down for your loved ones on the comprehensive worksheets. You can ensure your family knows exactly what they are entitled to and whom to contact in the event of your passing.

You might also be reassured that the FCA has, from 31 July 2024, been enforcing new “Consumer Duty” rules with financial companies and advisors which is aimed at ensuring ‘good outcomes’ for clients. This is expected to prompt advisors and institutions to reunite forgotten and lost accounts with their rightful owners. Sitting on those dormant or ‘lost’ assets is no longer acceptable.

And for those looking to track down lost assets, there are free digital providers like Gretel and Mylostaccount.org which allow you to search for forgotten accounts and investments for freed. Taking proactive steps to organise your or your parent’s financial affairs ensures that your family will benefit from that hard-earned money, rather than letting it slip away unnoticed.

Act now for peace of mind and make yours A Life Well Noted.