Government publishes response to consultation on expanding the Dormant Assets Scheme

The government has published its 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.