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Keith Hollender, Managing Director Investment &
Professional Services, Experian
Keith founded the Unclaimed Assets Register (“UAR”) in 1999
and has managed it since that time. The concept dates back to the early
1990s’ when Keith realised that individuals had nowhere to turn
when they had lost or simply forgotten their investments. From the outset,
the aim was to incorporate a social benefit and since its public launch
in 2000, the UAR has donated a proportion of its search income to charity.
The UAR was acquired from Aon by Experian in 2002 greatly enhancing
its tracing services to member companies. Prior to setting up the UAR,
Keith held managerial positions in the automotive industry and merchant
banking. He has an economics degree and is the author of two books on
financial history as well as being a regular contributor of articles
on unclaimed money to a variety of publications.
The Government view
The Government is determined to direct the proceeds of long-term dormant
accounts to charity. Various consultations have taken place and it is
expected that some form of legislation will be introduced at some stage
in the next 12 months. The session will focus on the likely timing and
content of the legislation, and will provide an overview as to how this
will impact banks and buildings societies. |