Threads / Dormant Assets Scheme / Government response to the consultation on expanding the Do…
Policy Paper Published 18 Jan 2021 Department for Digital, Culture, Media & Sport HM Treasury ↗ View on GOV.UK

Government response to the consultation on expanding the Dormant Assets Scheme

Outlines the government response to a public consultation on expanding the Dormant Assets Scheme to other types of assets.

↓
Attachments
▤ Verbatim text from source document

This is the government’s response to the consultation on expanding the Dormant Assets Scheme, which ran from 21 February to 16 July 2020.

  • After carefully considering all responses, the government intends to legislate to include additional assets across from the insurance and pensions, investment and wealth management, and securities sectors in the Scheme.

  • Scheme expansion has the potential to unlock more than £800 million for social and environmental causes.