Research from MetLife UK has revealed that grieving families in the UK are unaware of where key financial information is stored and how to access this following a bereavement, leaving them in "potential financial risk".
The provider surveyed 2,003 UK consumers who experienced a bereavement in the past 12-24 months. It found that 28% struggled to access important online accounts following the passing of a loved one, while an additional 29% did not know where important documents were stored. A "significant" knowledge gap was identified around the steps that people should take in preparation for a familial loss, MetLife noted. Around 21% of respondents did not know what financial or insurance policies, bank accounts or debts had been left by loved ones, which MetLife said creates a challenge around know...
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