Since the Dormant Assets Commission reported on the feasibility of expanding the dormant assets scheme in 2017, industry has been leading the preparations for scheme expansion. In their April 2019 report, industry leaders identified quantifying dormancy as an action for sectors.<\/p>
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Participation in the dormant assets scheme is and will remain voluntary. While HMT and DCMS will continue to play a supporting and convening role, the success of the scheme depends on firms\u2019 commitment to channelling dormant assets to good causes.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4513", "label" : {"_value" : "Biography information for Mims Davies"} } , "answeringMemberConstituency" : {"_value" : "Eastleigh"} , "answeringMemberPrinted" : {"_value" : "Mims Davies"} , "dateOfAnswer" : {"_value" : "2019-04-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-04-23T14:31:03.44Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "10"} , "answeringDeptShortName" : {"_value" : "Digital, Culture, Media and Sport"} , "answeringDeptSortName" : {"_value" : "Digital, Culture, Media and Sport"} , "date" : {"_value" : "2019-04-10", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Civil Society: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Digital, Culture, Media and Sport, pursuant to the Answer of 10 April 2019 to Question 241433, whether he plans to estimate the remaining dormant assets with the potential to be made available for the civil society sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4268", "label" : {"_value" : "Biography information for Steve Reed"} } , "tablingMemberConstituency" : {"_value" : "Croydon North"} , "tablingMemberPrinted" : [{"_value" : "Mr Steve Reed"} ], "uin" : "243462"} , {"_about" : "http://data.parliament.uk/resources/1109928", "AnsweringBody" : [{"_value" : "Department for Digital, Culture, Media and Sport"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1109928/answer", "answerText" : {"_value" : "
The dormant assets scheme has already distributed over £600m for the benefit of good causes. The Dormant Assets Commission, which reported on the feasibility of expanding the scheme in 2017, estimated that there may be up to £2bn of additional dormant assets that could be transferred into the scheme. This could significantly increase the quantity of funds available for good causes across the country.<\/p>
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Building on the work of the Commission, and supported by HMT and DCMS, four senior industry leaders published a blueprint in April 2019 for broadening the scheme to include assets from the insurance and pensions, investment and wealth management, and securities sectors. Quantifying dormancy was not within the scope of this work.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4513", "label" : {"_value" : "Biography information for Mims Davies"} } , "answeringMemberConstituency" : {"_value" : "Eastleigh"} , "answeringMemberPrinted" : {"_value" : "Mims Davies"} , "dateOfAnswer" : {"_value" : "2019-04-10", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-04-10T15:13:55.3Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "10"} , "answeringDeptShortName" : {"_value" : "Digital, Culture, Media and Sport"} , "answeringDeptSortName" : {"_value" : "Digital, Culture, Media and Sport"} , "date" : {"_value" : "2019-04-05", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Civil Society: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Digital, Culture, Media and Sport, if he has made an estimate of funds that will be made available to the civil society sector under the Dormant Assets Scheme.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4268", "label" : {"_value" : "Biography information for Steve Reed"} } , "tablingMemberConstituency" : {"_value" : "Croydon North"} , "tablingMemberPrinted" : [{"_value" : "Mr Steve Reed"} ], "uin" : "241433"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 2, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }