UK investors lose track of £5.3bn worth of investments

Shares totalling £2.5bn owned by 2 million people are either lost or dormant, according to data from Intelliteq, which has developed Gretel as a free to use platform to help consumers track down their lost money. The research estimates that lost or dormant shares have cost investors an average value of £1,250 per consumer, while £2.8bn worth of wealth and investments are in the same situation for 1m investors, an average of £2,800 each. UK consumers are also estimated to have £37bn of lost or dormant pensions, averaging £23,125 per individual across 1.6m affected savers, while £4.5bn ...