1 February 2005 - 2004 Results: Over £20 million of unclaimed assets returned to stakeholders
The Shareholder Partnership's (TSP's) Asset Reunification Programme successfully returned over £20 million to stakeholders of client companies last year. A diverse range of people and organisations benefited, including shareholders, customers, employees and investors of PLCs, banks, building societies, pension funds, solicitors, and insurance companies.
Tim Marshall, Managing Director of TSP says: "While £20 million is a significant amount of money compared with other providers, it is only the tip of the iceberg. In the financial sector there are a myriad of different assets that have become either 'dormant' or 'inactive', with an estimated value of over £15bn. Failing pension schemes and reduced public spending have put pressure on the Chancellor to find a way to access such assets, as other governments have done."
He continues: "TSP's Asset Reunification Programme can help companies to reunite unclaimed assets with their rightful owners in a stakeholder-friendly, cost-effective manner. In some cases, a well executed Asset Reunification Programme is a great way to reactivate dormant relationships."
About TSP
TSP is a stakeholder communications company allowing PLCs, banks, building societies, trustees, solicitors and former PLCs to maximise the effectiveness, fairness and impact of their stakeholder communications.
Our offices provide a portfolio of services, including: Asset Reunification, Probate Research & Genealogy, Share Dealing and Financial Contact Centres.
In 2004, TSP returned over £20 million to stakeholders on behalf of client companies.
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