Dormant Bank and Building Society Accounts Bill [HL]

I declare an interest as a member of the Commission on Unclaimed Assets. The Committee should bear in mind that while everybody is agreed about the necessity of reuniting account holders with their money, it is estimated that there is vastly more money than will ever be reunited with account holders. We ought also to bear in mind that the other purpose of the Bill is to release this money into the charitable sector where it can work for disadvantaged people, and we will debate later how we are going to do that.