Seanad debates

Wednesday, 12 February 2003

Unclaimed Life Assurance Policies Bill 2002: Second Stage.

 

The House will no doubt recall the considerable publicity that surrounded the introduction of the dormant accounts scheme last year. I am also sure that it is aware that interest in the matter is not new. The issue of dormant assets has long been of great interest to the public, both Houses of the Oireachtas and the media – primarily in the potential there could be for the State to put the funds to good use. Failure on the part of the financial institutions to trace the owners of these moneys has long been a matter of public conjecture and concern.

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