The FCA is to expand its £1.35bn Dormant Assets Scheme (DAS) to include unclaimed client money and investment assets.

The FCA is consulting on a major expansion of the dormant assets scheme to include insurance provider, pension and investment assets.

The Government has today launched a consultation which could see its Dormant Assets scheme significantly expanded to include funds and a wide range of other investments held by investors.

An independent report commissioned by the government has suggested expanding the dormant assets scheme to include investment and wealth managers.