Investments

[Bazile]

Are banks building societies and other financial institutions obliged to keep records of savings and investments indefinitely ?

For example if you are dealing with the estate of a deceased can you ask the various institutions for details of all accounts and investments that that person had that was not closed by the deceased ,?

[Buenchico]

Relevant links:
https://www.gov.uk/government/publications/the-dormant-accounts-scheme
and
https://www.moneyexpert.com/current-account/dormant-bank-accounts/

[Grandpappy]

I know from experience that the inland revenue can interrogate your books for up to six years and I think monies left without a will are kept for 10/15 years ?, before Boris gets it, but I think that companies,societies,etc.are obliged ,until instructed by a power of attorney,to retain all matter pertaining to the name.?

[ubasses]

This may help
https://www.which.co.uk/money/savings-and-isas/savings-accounts/how-to-find-lost-bank-and-savings-accounts-a4jqc3j05fpb