asked Her Majesty's Government:
How much money is held with National Savings and Investments in accounts which are now dormant; and [HL2816]
What is the value of products sold by National Savings and Investments which are now unclaimed. [HL2817]
National Savings and Investments estimates that there is £993 million of unclaimed money held across all of their products, of which £435.7 million is held in dormant accounts. These figures have been calculated using definitions for unclaimed assets and dormant accounts that were agreed by the Government and the financial services industry and published in the 2005 Pre-Budget Report.