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Banks 'should be forced to share dormant assets'
By Mathew Little, Third Sector, 15 October 2008
The Government should make its dormant accounts scheme compulsory if banks and building societies do not cooperate with it, according to the NCVO.
The Dormant Bank and Building Society Accounts Bill received its second reading in the House of Commons last week. The scheme will distribute assets that remain unclaimed for more than 15 years to youth and financial inclusion projects through the Big Lottery Fund. The Government maintains that it should be...
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