Anorak News | Cash In The Attic For Standard Life

Cash In The Attic For Standard Life

by | 20th, April 2007

WE all have some spare cash lying around, a 10 pence piece down the back of the sofa, or some now useless Italian Lira from a holiday years ago.

However for 222,000 members of Standard Life, a whopping £261 million in shares remains unclaimed.

Since the former mutual insurer floated last year, there has been a steady stream of around 7,000 policyholders a month coming forward to claim their shares and cash but a huge amount of money still remains untouched.

The company’s latest list of unclaimed shares is topped by two customers in Derby who have yet to claim £116, 123 and £109,424 in shares and another policyholder in Glasgow with shares worth £115, 151 as yet unclaimed.

However, with the unclaimed shares set to sit in the insurers’ asset trust until 2016 before being distributed to, amongst others, charities, the absent-minded policyholders needn’t rush.

Posted: 20th, April 2007 | In: Money Comment | TrackBack | Permalink