REUNITING INVESTORS WITH LOST INVESTMENTS & INHERITANCES
It can be incredibly easy to lose track of your money, whether it’s in a bank account, pension, investment, life insurance policy or child trust fund. There can be so much to remember, so it’s not surprising. In fact, it’s estimated that as many as 20 million people in the UK have forgotten about, or been separated from, more than £15 billion across a variety of account types.1,2
DORMANT ACCOUNTS
These accounts are known as dormant accounts and they’re quite common, as many people lose track of what they have, move home without updating their address, and even inherit unknowingly. Many providers are now trying to locate ‘lost’ owners with varied results, but doing so is not just best practice, but also demonstrates high levels of governance and investor care.
REUNITING INVESTORS
One of the UK’s longestestablished investment trusts, Alliance Trust, takes its responsibility to investors seriously and has been doing its part to reunite investors with sometimes life-changing sums of money. Henry (see above) is just one of the investors the Trust has helped recently.
BEING PROACTIVE IS KEY
Alliance Trust takes an active, personal approach to reuniting people with lost shares. In fact, it’s an investment trust that does a lot of the hard work for DIY investors. The Company’s investment strategy is designed to be a core holding for every portfolio, whatever your stage in life. Trusted by generations since 1888, the Company’s multi-manager approach aims to add value by including only the managers’ very best ideas in the portfolio, with the intention of outperforming the world stock market3 (while shielding you from some of the risks of active investing by spreading capital across eight skilled
Stock Pickers).
“The most important role of an independent board of directors for an investment trust is to protect shareholders. We not only oversee investments, but also ensure shareholders are treated fairly. At Alliance Trust we have a programme for tracking down dormant shareholders. We are always delighted when we reunite them with their lost assets. It’s particularly pleasing to see shares passed down the generations and retained for the long term.” Clare Dobie, Director of Alliance Trust