When your financial service companies merge or change their names
Savings or investment plans set up by your parents and grandparents
Lack of records in deceased estates
The main reason why the amount of ‘lost’ money is so large is that people move around a lot more than they used to, and financial service administrators make little effort to locate lost beneficiaries.
Should you be lucky enough to get re-connected with some money, you would be charged an administration fee. If the money is part of your pension, however, then the pension fund pays the ‘finding fee’ and there is no charge to you.
For more info ...Benifit Recovery Services
WHAT TYPE OF MONEY CAN GET TRACED
Unclaimed insurance policies
Pension fund surplus values
Unclaimed demutualisation shares
Forgotten bank or building society accounts
Interest growth over substancial time