Online hub Gretel has gone live to help consumers reconnect with lost and dormant financial accounts, such as life insurance policies.
The dashboard launches in the UK at a time where financial burdens and cost-of-living have become a significant concern. Gretel estimated that nearly 20 million accounts with a combined value of over £50 billion have been lost or forgotten in the UK. This figure includes £37bn in pensions, £5.3 billion in lost investments and shares and £2bn in lost life insurance. Gretel stated that the average value of a lost investment can be over £2,800, however a lost pension policy for example, can be even higher averaging more than £23,000 in value. Duncan Stevens, chief executive of Gret...
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