The Commission on Unclaimed Assets (CUA)

Unclaimed assets are monies in financial institutions that have been untouched by their owners for a considerable period of time. Countries including the US, Ireland, Australia, New Zealand and Spain have legal frameworks in place for putting these assets to productive use.The Commission on Unclaimed Assets is an independent commission set up in October 2005 and chaired by Sir Ronald Cohen to propose recommendations for the UK.

Following extensive consultation, the Commission has published two final reports:

• The Social Investment Bank - its organisation and role in driving development of the third sector
  
  Sets out our vision of how unclaimed assets can be put to most productive use (March 2007).
  
  
• Consumer protection and regulation of dormant accounts
  
  Sets out steps to make it easier for consumers to reunite themselves with their financial assets (April 2007).

The Commission is continuing to review proposals for the regulatory and legislative framework for dormant accounts as developed by the British Bankers Association (BBA) and Building Societies Association (BSA) in consultation with Government.

  Contact Info

Commission on Unclaimed Assets
c/o 42 Portland Place
London, W1B 1NB
Telephone: 020 7182 7878
Fax: 020 7182 7879