Up to £500m of 'dormant' assets in pensions and insurance sector

£40-50m dormant assets available annually

Victoria McKeever
clock • 2 min read

Up to £500m of 'dormant' assets is currently sitting in the insurance and pensions sector, according to an independent government commission.

The Independent Dormant Assets Commission, which identifies pools of lost or forgotten money, also highlighted a potential £40m to £50m available to consumers on an ongoing annual basis - with the caveat the sector participates in the commission's proposal to extend the lifetime of schemes and facilitate better tracking of lost customers. The commission outlined its intention to reunite financial and non-financial assets, which have been lost or forgotten by beneficiaries or providers, with their owners, limit future "dormancy", or recycle these funds to address social issues in the UK. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Case study: The hidden risk of a single member SSAS without a professional trustee

Case study: The hidden risk of a single member SSAS without a professional trustee

The problem, the solution, lessons learned

Caitlin Southall
clock 30 March 2026 • 4 min read
Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read