"Addleshaw Goddard Advises on Expansion of UK Dormant Assets Scheme into Investment and Wealth Management Sector"

"Addleshaw Goddard has advised Reclaim Fund Ltd (RFL) on the expansion of the UK Dormant Assets Scheme into the Investment and Wealth Management sector. This significant development allows firms like Jupiter, J.P. Morgan, Janus Henderson, and Schroders to participate, joining over 50 existing banks and insurers. The expansion is expected to release millions of pounds in dormant assets for social and environmental causes while ensuring asset holders can reclaim their funds. Since its inception in 2011, the Scheme has generated over £1 billion for good causes, with the latest expansion potentially unlocking an additional £440 million for various initiatives."

Addleshaw Goddard has advised Reclaim Fund Ltd (RFL) on the successful expansion of the UK Dormant Assets Scheme into the Investment and Wealth Management sector. The expansion allows investment and wealth management firms, including Jupiter, J.P. Morgan, Janus Henderson, and Schroders, to participate in the Scheme for the first time, joining over 50 banks, building societies, and insurers already involved. This initiative is expected to unlock millions of pounds in dormant assets for social and environmental causes while ensuring that asset holders can reclaim their funds at any time. The Addleshaw Goddard team was led by Corporate Partner and Head of Financial Services Sector Ben Koehne, alongside Legal Director Jonny Davies and Associate Natasha Stafford. They were supported by specialists from the financial services team, including Financial Regulation Partners Paul Anderson and Lorna Finlayson, and Legal Director Alice D’Mello.

"Addleshaw Goddard Advises on Expansion of UK Dormant Assets Scheme into Investment and Wealth Management Sector"

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