The FCA is consulting on a major expansion of the dormant assets scheme to include insurance provider, pension and investment assets.

The Government has today launched a consultation which could see its Dormant Assets scheme significantly expanded to include funds and a wide range of other investments held by investors.

An independent report commissioned by the government has suggested expanding the dormant assets scheme to include investment and wealth managers.

Kirsty Cooper, Aviva Group’s general counsel and company secretary, has been appointed as the Government’s ‘Insurance and Pensions Champion’ by the Department for Digital, Culture, Media & Sport.