The scheme proposed will improve regulation in relation to unclaimed life policies and mirror and harmonise with the scheme already in place for credit institutions. It will require institutions to do their best to contact policyholders and reunite them with their moneys. It will also generate further funds for disbursement to charities and the community at large. Broadly speaking, the programmes or projects to benefit will be those designed to alleviate poverty or social deprivation or assist those who are physically or educationally disadvantaged. I am sure the House will agree this is a commendable use for the moneys which have, until now, benefited only the financial services sector.