Tag: Dormant Assets Scheme

Pathway Fund Launches New Cost of Living Support Programme

Stuart Mitchell

Black and Ethnic Minoritised-led organisations are less likely to apply for social investment – and are less likely to obtain it, too. Only 45% of the 1,000 Black and Ethnic Minoritised-led organisations Pathway has spoken to, said that they would trust and approach social investors. 76% said they believe they had been refused finance because of their race or ethnicity. The cost-of-living crisis has made this funding disparity all the more damaging, impacting the ability of Black and Ethnic Minoritised-led organisations to deliver impact in the communities most impacted by…

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Aviva joins the Dormant Assets Scheme

Stuart Mitchell

Aviva plc and Reclaim Fund Ltd (RFL), the HM Treasury-owned and FCA-regulated operator of the Dormant Assets Scheme (the Scheme), have successfully completed the first transfer of dormant assets¹ from the Insurance and Pensions sector to the industry-led, government-backed Scheme. The milestone sees Aviva join over 40 UK banks and building societies that currently participate in the Scheme, enabling dormant assets to be used to support vital social and environmental initiatives, while ensuring customers can be reunited with their assets in full at any point. Aviva has become the first…

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