Tracing lost and forgotten financial assets

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 15 February 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You could get the best Christmas present this year, cash you thought you had lost forever!

Louise Cooper and guests discuss how to trace financial assets you may have forgotten about in old bank accounts, pensions, investments and perhaps insurance policies.

Joining Louise Cooper to discuss how to locate your share of an estimated £50 billion languishing unloved and unclaimed in various places are:

Kaya Marchant, Pensions Specialist at MoneyHelper Carol Knight, Chief of Operations at The Investing and Saving Alliance Janet Reid, Head of the Lost Accounts Project at Cambridge Building Society

Producer Smita Patel Editor Alex Lewis

Transcript

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0:00.0	On a winter's night in 1974, a crime took place that would obsess the nation.
0:07.0	It was an extraordinary news story.
0:09.0	The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,
0:14.0	mistaking her for his wife, then somehow just disappeared.
0:18.0	One of the great mysteries in English criminal history. We're still looking for Lucan.
0:21.6	It's honestly one of the most powerful stories of my lifetime.
0:25.6	I'm Alex von Tundselman.
0:27.6	This is The Lucan Obsession.
0:29.6	Listen on BBC Sounds.
0:32.6	BBC Sounds, music, radio, podcasts.
0:36.6	Welcome to the download of Moneybox Live, the program about your money.
0:41.5	And today we are helping listeners to reconnect and retrieve money in lost bank accounts,
0:47.1	pensions and savings. It's the time of year when many of us overspend and when the bills
0:52.9	come in, wouldn't it be helpful to find some cash
0:55.7	down the side of a sofa? How about 50 billion in cash? Would that help? Not to be found
1:02.5	hiding in living room furniture with weeks old mince pies, but languishing in dormant bank accounts,
1:09.2	unclaimed pensions, lost investments and insurance policies.
1:13.8	That's the estimate from a financial firm that reckons almost 20 million of us
1:18.6	have forgotten about some sort of financial savings product.
1:22.0	So as our Christmas gift to you, Moneybox Live wants to help you find your lost loot. Well, let's speak to Neil first.
1:30.6	Hello, Neil. Hello, now, you've lost a pension. How? Well, I sort of moved away from the area and then out of the country.
1:40.5	Then when I came back, moved several times into different parts of the country.
	...

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