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Enforcers, administrators and other representatives with legal rights, including those charged with power of attorney, acting on behalf of vulnerable friends and family, to benefit from Gretel’s extensive services: You can add details and valid evidence of legal capacity. capacity.
With more than 500,000 deaths in the UK each year (608,000 in 2020), many families face the daunting task of managing their loved ones’ estates. account.
A Gretel survey found that a quarter (23%) of Britons have had to dispose of the property of a deceased relative or friend. For example, having to close bank accounts or look for pensions or investments, of which he rose to 41%. Those aged 55 and over.
Duncan StevensGretel CEO said:
Many of us will face the difficult task of managing the wealth of our loved ones, often when we want to grieve, but the practical side can be tricky. When someone dies, those left behind face the daunting task of keeping track of all the pensions, bank accounts, and savings someone might have had by granting access to third parties. , we want to make the task of finding lost assets on behalf of others much easier, faster, less complicated and, importantly, free.
Gretel calculates that in the UK alone there are around 20 million customer accounts with a combined value of over 50 billion lost or forgotten by their rightful owners. This includes 37bn of annuities, 5.3bn of investment and equity losses and 2bn of life insurance losses.
Uniquely, when a customer signs up with Gretel for themselves or a deceased relative or vulnerable adult, the service continues to function, constantly looking for lost money and flagging new accounts when identified. Gretel is the only service that covers the entire financial services industry, enabling third parties to locate, locate and connect lost or dormant accounts.
Francis Bignell
