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Assets bank policy fears
By Helen Warrell, Third Sector, 31 October 2007
The Government's decision not to legislate to make banks surrender their dormant funds will result in less money being released for community projects, financial experts have warned.
In its response to the House of Commons Treasury Committee report on unclaimed assets, the Government said that introducing reserve powers to establish a compulsory scheme would "not be a good use of Parliament's time". Instead, ministers said financial services organisations should manage the release of funds voluntarily. But Peter...
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