We’re Recruiting

Could you be our new Sherlock?

If you’re interested, please see the Job Description below.

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EMPLOYER: Monimine

POSITION TITLE: Tracing Researcher

WEBSITE: www.monimine.com

ADDED: 08/06/2018

COMMENCES: ASAP

CLOSES: 06/07/2018

CONTRACT TYPE: PERMENANT

CONTRACT HOURS: FULL TIME

RENUMERATION: £18000

LOCATION: NORWICH AREA

 

DETAILS

 

We are currently recruiting to our existing team who undertake research to trace and verify the status of Financial Institution’s customers and input that information into a Data Management System.

 

SKILLS:

  • Good written and verbal communication skills;
  • A good level of IT literacy – proficient in using Word, Excel, and Databases;
  • Accurate data entry skills;
  • Strong research and analytical skills, with the ability to collect, analyse and record information with attention to detail and accuracy;
  • Time management skills with the ability to plan, prioritise and manage own workload whilst working to deadlines.

 

KNOWLEDGE:

  • A knowledge of available worldwide sources and archives for genealogical research.

 

APTITUDES

  • Able to work as part of a team and on own initiative;
  • Demonstrated professional attitude and ability to maintain confidentiality;
  • High level of concentration and patience.

 

JOB DESCRIPTION

  • Conduct research of Financial Institution data using online databases to verify if an individual is at the same address, new address, or deceased;
  • Maintain the accuracy of data by making the necessary corrections or additions to records and inputting it into the Data Management System;
  • Complete workload within established time frames agreed both internally and externally;
  • Provide suggestions for the continuous development of the Data Management System;
  • Propose ideas for the development, implementation, and execution of Robotic Process Automation (RPA)

 

CONTACT

 

If you are interested, and meet the above requirements, please send you CV and a Cover Letter to haydn.lyon@monimine.com

 

Full-time / part-time working  considered. Working hours Monday to Friday 0900 – 1700.

 

Retirement finance planner – One of the tools you need for a “Mid-Life MOT”

Retirement finance planner – One of the tools you need for a “Mid-Life MOT”

Minister for pensions and financial inclusion Guy Opperman is currently pressing hard for individuals from their late 40s onwards to be taking a “Mid-Life MOT” in order to make sure their future retirement plans are on course.

In his words, “Getting the correct information and guidance can make a huge difference to your quality of life in retirement. That is why we have taken on one of the recommendations from the John Cridland Review and are looking to pioneer the mid-life MOT.

“It can be difficult to plan ahead in the hectic rush of day-to-day life but as we are all living longer, healthier lives it is important to make sure you have thought about later life.

“This is where the mid-life MOT can help. It does not necessarily need to be at a defined point in our lives and could, for example, be in your mid 40s at a time when someone might value support and help to understand their finances and the options available to achieve the kind of retirement they would like.”

But what are the tools you need to undertake an MOT at any point in your later working life?

First and foremost, you need to know – as precisely as possible – just how much you need to have saved up in order to finance the retirement you are planning and when it might be possible to retire at your current rate of savings.

While financial advisors have sophisticated planning tools available which allow them to make those sorts of predictions, these are not available to the general public. But one simple-to-use planning tool is: the RetireEasy LifePlan.

Described by Investors Chronicle as a ‘holy grail’ solution for anyone looking to plan their retirement, it gives you an overview of all of your assets – including investments, pensions, savings, business assets and properties – and the income you will receive after liabilities such as debts, mortgages and income tax throughout very year for the rest of your life.

It shows you clearly whether you are going to drain down your assets on your predicted annual spending – or whether you could comfortably take out more and so make more of your retirement years.

It can show you when you could afford, for instance, to start reducing your work commitments later in life, while for those already in retirement, it can flag up whether you might even need to return to some level of paid employment.

Critically, it allows you to try out different scenarios to see how future events such as downsizing, an inheritance or gifting money to your grandchildren would affect the long-term outcomes.

The Premium version of LifePlan also provides live updates on stocks and fund values, provided by Morningstar, and you can model a Lifetime Mortgage into your plans.

The RetireEasy LifePlan is web-based and costs from just a few pounds a month – and you are not tied into any long-term contracts. If you want to see if your financial plans would pass an “MOT”, log on to www.retireeasy.co.uk.

Tony Watts | RetireEasy.

 

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Have you found your lost money and hidden treasure?

Have you found your lost money and hidden treasure?

Hidden amidst the sea of lost money lies buried treasure, worth over £100 BILLION. It belongs to the public but is concealed in UK financial institutions, and it’s waiting to be unlocked. If you don’t know where to start digging, Monimine has a map and an X that marks the spot. Millions of UK citizens are unaware that they are owed unclaimed assets, but some of the treasure could be yours and it needs to be dug up.

Personal finances are vulnerable, and every so often they transform into lost money and become buried in the sea of unclaimed assets. It happens for an array of reasons, but the main causes tend to be unreported changes of address, ceases in activity on your account and inadequate record keeping. Without you knowing, it could be happening to you right now. So wouldn’t it be worth checking if you have missing funds owed to you?

The riches of lost money have been accumulating for decades and are constantly increasing. If you decide to search independently, you have a chance of hunting down your unclaimed wealth. But Monimine is available to all and won’t cost you a penny, even to the cheekiest of pirates.

The Monimine ship is an inventive, digital service. The registration asks consumers to submit basic information, including employment, address and family history. The more comprehensive the information submitted, the greater chances of tracing the missing cash.

* Monimine will not ask for financial information at any stage.

Monimine also guarantees that all data will be treated in strict confidence and will only be used for locating your lost money. The inputted details will then be cross-checked with the data Monimine have sourced from UK financial institutions, which contains lost money … and buried treasure. If a match occurs, the user will then be able to reconnect with their missing assets.

It’s as simple as that. So if you would like to discover how much treasure is owed to you, visit monimine.com today.

Josh Cousens | Monimine. 

 

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Meet the team | Andy Davies

Meet The Team | Andy Davies

Business Development & Accounts Handling 

Andy established proficiency and gained invaluable experience in business development during previous roles. His capacity to develop relationships and forge networks has ensured that Monimine is at the forefront for industry decision makers.

Andy has played a key role in the business evolution and will go above and beyond to ensure the Monimine mission of reuniting the public with their lost assets is achieved.

Outside of the office, he’s handy with the guitar and is occasionally labelled as the “poor mans Ed Sheeran.” Andy is a keen rugby player for Wymondham RFC and a huge fan of the great outdoors. He’s been known to go climbing, shooting, canoeing and cycling. But if you manage to catch him indoors, chances are he’ll be relaxing with a “brew” and watching David Attenborough.

Josh Cousens | Monimine. 

 

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Which Australian cities are UK expats moving to?

 Which Australian cities are UK expats moving to?

Unpolluted air, dependable weather and a reputable economy make Australia an enticing haven for British expatriates. Australia’s unspoiled scenery is complimented by it’s glowing reputation of being among the safest and most stable countries in the world. 1.27 million UK expats have already relocated Down Under and the numbers are still growing.

uk expats

Australia appeals to a range of nationalities and is blessed with a colourful, multicultural society. 43% of Australians were either born overseas or have a parent who originates from abroad. As an emigration hot-spot,  “Straya” has an ensemble of residential cities which frequently feature among the ‘world’s most liveable’. But which are the most popular for UK expats?

1. Melbourne

in 2017, Melbourne was named as the world’s most liveable city for the seventh consecutive year.

The glowing reputation is a direct effect of Melbourne’s emergence during the 1850’s. The exquisite Victorian architecture and green, public parks boost the city’s attraction.

Melbourne is widely recognised as the nations sporting capital and plays host to a number of international events, including the Australian Open and Australian Grand Prix. The capital of Victoria is also famed for being the cultural hub of Australia.

2. Sydney

Sydney’s Opera House and Harbour Bridge are the iconic snapshot of Australia, and the city has been drawing the expat crowds for decades. Often mistaken for the capital of Australia, Sydney is the nations largest city and is home to an eclectic array of  5 million residents. 

Having featured regularly in the worlds 10 most liveable cities, Sydney ranked 11th in 2017. The vibrant suburbs of Manly, Bondi and North Sydney all offer first-rate independent communities. Whilst Sydney’s beaches are globally recognised among the worlds best.

3. Adelaide

Adelaide is the hotbed for Australian wine and hosts an enchanting array of national parks and wildlife reserves. Anything worth visiting in Adelaide is within a half hours drive, earning it the label of the “30 minute city.”

In 2017, Adelaide tied with Calgary for the fifth placed finish in the worlds most liveable cities. Away from the rat-races of Sydney and Melbourne, Adelaide offers a quieter and slower pace, with an alfresco lifestyle and cheaper cost of living.

4. Perth

Locally recognised as Australia’s “best kept secret,” Perth offers sanctuary away from the well-trodden east coast. Having ranked 7th in the worlds top 10 cities in 2017, the vivid Perth has had a steady migration growth from UK expats.

With a thriving economy, beautiful weather, low unemployment rates and affordable property prices, Perth ranks highly among it’s sister cities. The city is progressively modernising and its stock will inevitably continue to increase.

5. Brisbane

Often referred to as the “Sunshine State,” Queensland is the residential hub for working on your tan. With an average 283 days of sunshine a year, Brisbane proposes a sub-tropical climate, with intriguing rain-forests and world renowned beaches.

Brisbane is also a rapidly developing business core of Australia, meaning the number of job opportunities are increasing. The Commonwealth Games are currently being held at Gold Coast City, which is within close proximity of Brisbane.

UK expats unclaimed money

If you, or a family member has emigrated from the UK, you might be owed a sum of unclaimed assets. Amidst the chaos of moving, you may have forgotten to notify one of your financial providers about your change in circumstance. If they have been unsuccessful in contacting you, there is every chance they could have locked the funds within the account.

But don’t worry, Monimine can help you … for FREE. By searching at www.monimine.com, you can definitively discover whether you have any lost money owed to you. If the data you enter matches with the information we have, we can reunite you with your cash.

Even if you’re sure that you left no pennies behind, the service is free and wouldn’t it be worth double checking?

No costs, big rewards ….. what’s to lose?

Search today at monimine.com 

Josh Cousens – Monimine. 

 

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5 Frugal ways of saving money this spring

 5 Frugal ways of saving money this spring

saving money this spring

Now the Beast from the East has melted and the clocks have bounced forward … spring is here. Summer is just around the corner and now is the time to beef up your finances. The reductions in heating and lighting are a good starting point to bring down expenditure, but we have five frugal ways of saving money this spring:

  1. Zero spend challenge

Set yourself a challenge. See how long you can go without spending a penny. Dig to the back of the cupboards and defrost your leftovers. You’d be surprised how long you could last without a trip to Tesco. Explore the local parks, utilize free coupons and see how long you can endure before you have to open your wallet!

2. Saddle-up 

The nights are drawing out and there’s less chance of a storm (*touch wood.) Why not dust off your bicycle and commit to cycling to work a few days a week? You’ll save on the price of petrol, whilst getting yourself fighting fit for the forthcoming summer season. Plus you will be doing your bit to help the planet, by leaving your car at home.

3. Spring clean

How’s your social calendar looking for the bank holiday weekend? If you have spare time, it might be worth considering what household clutter may have a pricetag. I’m willing to bet that you will be able to find a few treasures in your home that will go for a price online. Particularly old phones, clothes, antiques, DVDs and toys – ‘One man’s trash is another man’s treasure!’ 

4. Profit from packed lunches

By taking a packed lunch into work each day, you could save up to £1,000 a year! The average office worker is reported to spend £2.83 a day buying their lunch. A daily lunchbox from home, full of nutritional treats would trim this cost and could offer a healthier alternative. Cutting back on weekend takeaways is another way of counting the pennies. Now the garden is bathed in sunshine, how about firing up the BBQ instead?

5. Find your lost assets

Instead of devising a plan to save cash, why not discover if you are owed money? By using monimine.com, we can search the leading financial institutions and determine if you are owed any lost assets. The unclaimed money could have originated from your bank accounts, pension policies, investments or shares.

Searching through Monimine is completely FREE and if you find any funds, they are yours to keep! So what is there to lose?

Josh Cousens – Monimine. 

 

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£90 million from dormant accounts to be used to tackle racial inequality

£90 million from dormant accounts to be used to tackle racial inequality

Theresa May has pledged to use £90 million from dormant accounts, to help deal with racial inequality. The unclaimed funds will be sourced from accounts which have been inactive for at least 15 years. The cash will put towards the inequalities in youth unemployment and helping underprivileged young people gain jobs.

dormant accounts to help racial inequality

The action has been taken after the Race Disparity Audit was released in October 2017. The study revealed that 16 to 24 years-olds from ethnic minority groups, were twice as likely to be unemployed as their white peers.

Theresa May said, “youth unemployment blights communities and wastes talent and potential – and too many young people from deprived and ethnic minority backgrounds face barriers preventing them from entering the world of work.”

The added funding will present opportunities for young people to work with educators and youth and community organisations.  The organisations will be able to assess their skills and explain the best ways that they can help their local communities and businesses.

The government first announced their plans to use the assets from dormant accounts in January 2018. It was reported that £135 million from dormant accounts would be used to combat homelessness. This was also when we initially heard of the plans to use dormant assets to help disadvantaged young people into employment.

Why a backlash?

A social media reaction has focused on the negative viewpoint of using assets from individuals bank accounts – despite being dormant. One user on Twitter explained that,

“it’s their money, you can’t just take it,”

whilst another said that the whole thing was,

“blatant theft.”

The government are only able to utilise assets that have been untouched for at least 15 years. Whilst the relevant financial institutions will have made a considerable effort to have traced the owner. Due to a change of address, or adopting a new name, some people manage to slip through the net and are never traced.

But there is good news in the legislation of the Dormant Bank and Building Society Accounts Act 2008. If any owner of assets comes forward and can prove the money is theirs, they can be reunited with their cash. Even if it has already been paid out for charitable purposes. The Reclaim Fund is regulated to maintain a reserve limit, in the case of owners coming forward.

Where we come in

If you would like to determine if you have any unclaimed money from a dormant account owed to you, head to monimine.com. Using our nationally recognised tracing expertise, we can help you unearth any hidden assets, for FREE.

Josh Cousens – Monimine. 

Image source – Flickr

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How much do I need to retire?

 How much do I need to retire?

What do you envisage your retirement to look like? Do you see yourself lounging on tropical beaches, or are you looking forward to the quiet life at home? How much of your mortgage is left to pay off, do you have outstanding debts and how independent are your children and grandchildren? These are all factors that need to be considered when establishing, how much do I need to retire?

how much do I need to retire

Unless you have ideas for a supplementary income, you are going to need a pension pot big enough to support your entire retirement. The optimum savings amount for a pleasant retirement is widely argued. A Which? survey questioned thousands of retired couples and discovered that between them;

“Households spent a shade under £2,200 a month, or around £26,000 a year.”

A study from Saga quotes a slightly more expensive figure for an individual;

“£15,000 a year is the amount we should be aiming for to guarantee a comfortable retirement.”

Retirees are entitled to £7,500 per annum, on a single tier state pension. This means that you would need £7,500 from a private pension to reach the £15,000 figure. To make this a reality, you would require a savings ‘pot of £125,222 for a standard annuity based on an average 65-year old.’

Our Advice

The exact amount you will need for retirement will vary from one person to the next. Individual spending habits, including luxuries such as holidays, new cars and a current wardrobe will all impact on the amount of savings you will need.

The sooner you start to think about your retirement and getting a plan in place, the easier it will become for you.

If you are unsure about how much you should be saving, or wondering if you are on the right rack, we would advise speaking with a professional. A financial adviser will be able to help you discuss your realistic options and what steps to take to guarantee you have the retirement you want.

We can help

If you are reading this and beginning to fill with nervous apprehension about the substantial numbers, we can help. We have discovered that there is approximately £400 million in unclaimed UK pension savings. Some of these savings could belong to you. One in five people who possess multiple pension policies have lost track of at least one of them.

To find out if you are owed any lost pension savings, search for FREE at monimine.com. Any money you discover can go towards you living the retirement you dream of.

Josh Cousens – Monimine. 

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5 Leading destinations for British expats to retire to

5 Leading destinations for British expats to retire to

Reaching retirement is a well-earned excuse to enjoy your latter years. Choices differ from one retiree to the next, but an increasing number of Brits are electing to pack their bags and live out their days in sunnier settings. A wide array of popular destinations appeal around the globe and we’ve listed five of the top locations for British expats to retire to.

destinations for British expats

1. Australia

The Land Down Under is a prominent haven for British expats. Retiring heads have turned towards Australia, because of its slower pace of life, the abundance of space, factor 30 sunshine and an endless coastline.

With many similarities to British culture, expats appreciate the likeness to home – but with the added perks that Australia brings. A lauded quality life has been concocted through al-fresco eating, the outgoing persona of Australian people and its picture perfect landscapes.

They even drive on the same side of the road.

2. Spain

The siestas, sunshine and stress-free culture of Spain has been enticing Brits for decades. 310,000 British expats already live in Spain, making it the most prevalent European venue for UK citizens. The stunning coastal regions, between the Costa Del Sol and Costa Blanca have proved particularly desirable.

The dream of living out your days as a sun-kissed beach resident is a reality in Spain. Affordable housing, outstanding climate and a carefree atmosphere all appeal to retiring crowds.

The inexpensive and short distanced flight from the UK also means family are only a few hours away.

3. Panama

Although sounding left-field, Panama has developed into one of the worlds leading retirement sanctuary’s. The low costs of Latin America, combined with an evolving infrastructure and a rustic charm, is tempting the retirement demographic to flock to Panama. 

The year long summer provides annual heat and a growing sense of modernity means all the retiring boxes are ticked. The country welcomes retirees with open arms and offers a range of options for foreign residency.

The juxtaposition of an urban metropolis and exquisite, rural scenery, including Pacific and Carribbean coastlines caters for all.

4. Portugal

Portugal is emerging from the shadow of Spain and gaining a reputation as the place to be in retirement. With sleepy villages and busy cities, Portugal offers a diversity of opportunities, each endorsed by an agreeable climate.

Portugal’s colourful coastline is bathed in history, whilst the bulk of retirees are often pulled by the magnetism of the impeccable Algarve region. Economical pricing and modern facilities, mixed with a primitive charisma is drawing retirees to the country.

Portugal is renowned for its safety and provides 3,300 hours of sunshine a year.

5. Thailand

From film-set beaches, to bustling markets and from tropical rain-forests, to culture filled cities – Thailand offers plenty for British expats. Thailand has become a gem of South-East Asia and it’s retirement community is flourishing.

People trying to escape the rat race of the UK are captivated by Thailand’s natural beauty, practical costs and its unique antiquity. The nation is pensioner friendly and a large part is fluent in English, especially in the South.

Spectacular temples, paradise islands and a host of vibrant festivals are all readily available.

Final thought

If you, a family member or a friend are considering packing your bags and moving overseas, you will want to ensure your finances are in check. The Telegraph noted how expat pensioners are missing out on £850 million in unclaimed pensions benefits.

We can help.

Searching for free through Monimine will investigate your financial accounts and policies for any unclaimed assets. If the information you input into our registration matches with the unclaimed data we hold from financial institutions, we can reunite you with your cash. Again for free.

Find out how much you are owed at monimine.com.

Josh Cousens – Monimine. 

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Join the UK’s FREE unclaimed money website

 Join the UK’s FREE unclaimed money website

According to the Unclaimed Asset Register (UAR), the total value of lost money in the UK is at least £15 billion. That total equates to around £230 for every single UK citizen. This cash is owed to the public and Monimine is the unclaimed money website which can find your assets, for FREE.

unclaimed money website

Can you be 100% certain that you don’t have lost money owed to you? With £15 BILLION owed to members of the British public, wouldn’t you like to know for certain if any of it belonged to you? Especially if you could find out for free!

The beauty of Monimine’s unclaimed money website, is the luxury of submitting just one search. You won’t have to contact every financial institution individually and go through the lengthy processes with each one. By using Monimine, we will contact a wide array of institutions for you, meaning you only have to search once.

The Monimine business and development departments are constantly negotiating with financial institutions, to add to our already healthy list of partners. The popularity and success of Monimine means that the number of financial service providers using Monimine to trace their ‘gone away’ clients is continually growing.

How do I search?

Discovering if any unclaimed money is owed to you couldn’t be easier. Head to monimine.com and register for FREE. You will be asked to input some information about your family, employment and residency history. If the information you share matches with the data we have sourced from financial institutions, we will be able to reunite you with the cash you are owed.

Please note, you will not be asked to share any financial information with Monimine. Data security is one our biggest priorities and we want our users to feel secure when using the service.

Josh Cousens – Monimine. 

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5 Foolproof ways to organise your personal finances in 2018

5 Foolproof ways to organise your personal finances in 2018

The gloom of January is almost over, and the New Year is in full swing. Have you stuck to your resolutions? After the festive expenses, have you aspired to clean up your personal finances and rebuild your bank account?

We’ve created five tried and tested techniques to give yourself some financial breathing space.

organise personal finances

1. Undergo a financial MOT

Whilst you economically recover from the nonstop spending over Christmas and New Year, you might find yourself on the sofa, rather than the pub. This is the perfect time to analyse your financial accounts and tweak any unnecessary costings.

Are you paying a direct debit you’ve forgotten about? Is your investment account performing? Do you have multiple pension policies that may benefit from being unified into one pot? Would you profit from paying more into a savings account this year?

Once the audit is complete, you may discover that you have freed up some extra money.

2. Clean the financial debris

Before you begin to save anything, it is always advisable to pay off any outstanding debts. Ignoring or neglecting your debts will only drag down your finances and create difficulty progressing.

By cleaning your financial slate, you are able to move onto planning your goals.

3. Mark your GOAL posts

By setting yourself financial goals, you will find the motivation to spend wisely and save. Targets which are built around your earnings can help to keep your wallet healthy.

Ensure the goals are realistic and not over-ambitious. This will help you to achieve your targets, stay focused and keep your personal finances in order.

If you have a particular goal in mind, such as a holiday, new car or moving house, print off a picture and stick it on the fridge. The visual reminder will help you to stay diligent in accomplishing your financial goals

4. Earn extra cash

Although it sounds obvious, earning more money means more cash to spend. Do you have anything around the house that might be of value? Any unused phones, DVD’s, CD’s, clothes, anything that could be worth something. These can be sold for reasonable prices online or at city shops.

You might fancy gaining some extra part-time employment. Another job will generate a new source of income and ease the reliance on your current role.

You even find some money making opportunities online, such as partaking in surveys.

5. Check the forecast

Setting up a rainy day fund helps to safeguard yourself for unexpected bills, fines or even loss of employment. Nobody wants to be on the receiving end of those unforeseen setbacks, but it’s always handy to have an emergency pot, just in case.

By setting aside a modest amount each moth, you will cash to fall back on.

Our secret recommendation

Our final bit of advice would be to discover whether or not you are owed any unclaimed money. Sources verify that there could be up to £77 BILLION of unclaimed funds owed to the UK citizens. Some of this cash could belong to you and you can find out for FREE at monimine.com.

Josh Cousens – Monimine. 

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UK government to use £330m from dormant accounts to combat homelessness

UK government to use £330m from dormant accounts to combat homelessness

Millions of pounds from dormant bank and building society accounts have been earmarked to tackle homelessness and aid vulnerable young people in England. This action has been taken by the government to create a “fairer society.”

dormant accounts money to help homeless

Tracey Crouch, minister for sport and civil society says that the money will help to make a real difference.

“This is part of the government’s commitment to building a fairer society and tackling the social injustices that hold people back from achieving their full potential.” 

The unclaimed money will be taken from personal financial accounts that have been inactive and untouched for at least 15 years. Financial institutions will have unsuccessfully attempted to trace the owners of these accounts and contact will have been lost.

Using financial assets from UK dormant accounts to fund charitable causes was first demonstrated in 2008. The Dormant Bank and Building Society Accounts Act was passed in 2008 under Gordon Brown. This law authorised, ‘the distribution of assets from cash accounts that have been inactive for fifteen years.’ 

Over the next four years, £135m has been allocated for homeless housing initiatives and on social enterprises and local charities. An additional £90m is promised to help disadvantaged young people into employment. Whilst a further £55m will be spent on tackling problem debt and aiding ‘financial inclusion initiatives.’

The remaining £50m has been designated to the developed administrations of Scotland, Wales and Northern Ireland.

Good News

If you think that you may have lost contact with one of your financial accounts, you don’t have to worry. Although this money may be put towards homeless initiatives, you are still able to reclaim any money which is rightfully yours.

The Reclaim Fund are the organisation that is used to recover money from dormant UK accounts. Their chief executive, Adrian Smith said;

We will continue to work hard in ensuring that consumers can at any time reclaim money owed from their dormant accounts while working with the government to deliver further funds for good causes.”

The Reclaim Fund are required to retain a chunk of their money in order to repay any account holders who come forward to claim their cash.

If you are interested in discovering whether you are owed any unclaimed money from a dormant account, we can help. By registering for FREE at monimine.com, we can help you determine whether you are the owner of any outstanding assets.

Josh Cousens – Monimine. 

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Top-up your New Year finances with unclaimed money

Top-up your New Year finances with unclaimed money

The Christmas and New Year celebrations are not cheap. Parties, presents and 2017’s hangover will undoubtedly be weighty on your finances. I’m willing to guess that any ways of boosting your bank account will sound very appealing. Particularly if you don’t have to pay a penny. We have a solution – unclaimed money.

New Year unclaimed money

A quote taken from Helen Coulson in the Financial Times revealed that, “we seem to be talking about some billions, if not trillions, of pounds [of unclaimed assets] across the industry, but nobody really knows what the size of the problem is.”

This gigantic sum of unclaimed money has been lost in the financial system. This occurs when one of the financial service industry loses contact with their customers. If they cannot communicate with their clients, any cash within that particular financial account becomes trapped.

Are you thinking this could have never happened to you? It is a lot more common than you think. The predictions of £billions/£trillions of unclaimed money demonstrates that there has to be more than a few people who have lost money.

Something simple, such as moving house or changing surname can be the catalyst for lost funds. If you forget to notify your bank account or pension provider of your new address or name, and they subsequently lose the ability to contact you, cash can easily go missing.

The Solution.

Throughout the UK, we predict millions of unclaimed money pots are waiting to be claimed. Some may contain modest quantities, but some could enclose a fortune. Monimine’s website allows you to search for any lost assets, for FREE.  If your records match with the data of unclaimed funds from a financial institution, you will be united with the cash that is rightfully yours.

So what do you have to lose?

Start your search today, boost your New Year finances and discover your unclaimed money treasure.

www.monimine.com

Josh Cousens – Monimine. 

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The Monimine financial assets solution to the 2017 Budget

 The Monimine financial assets solution to the 2017 Budget

The 2017 Budget had a definite safety-first emphasis, and has been met by a mixed reception. Phillip Hammond has seemingly attempted to acknowledge the large economic challenges facing the UK, but have his policies done enough to resolve the issues?

financial assets budget 2017

The shining light was the slash of stamp duty on properties of up to £300,000, which will inevitably help the lives of first time buyers getting onto the housing ladder. However, experts argue that this is just to mask the UK’s weakening economic future.

Is setting aside £3bn over the next two years for the Brexit aftermath realistically enough for any negative eventualities?

Growth forecasts of the UK economy have been drastically reduced. The Financial Times argue that this is because of ‘significant downward revision to potential productivity growth.’ The prediction is for less growth, less business investment and less productivity.

The £2.8bn cash booster which has been set aside for the under-pressure and under-funded, NHS will almost certainly not be enough.

The glass is half empty and there is not enough spare money in our economy. A helping hand would be warmly received to the British GPD and there is a realistic solution which can aid the issue.

The answer is simple.

According to Financial Conduct Authority (FCA) figures, there is approximately £200bn of dormant/unclaimed assets within UK financial institutions (FI.) But there is not enough pressure on FI’s, meaning they are inactive in attempting to trace the owners of the £200bn.

If pressure was increased on the financial service industry, we would see proactivity in them finding the rightful owners of these financial assets. It is more than likely that over 10% of this money has no home and can therefore be distributed into the economy for charitable causes. We would also see a ‘trickle’ up effect of the extra disposable income released to the public.

Therefore, £20bn (10%) could be released over the next two years. Pressure from government instruction would ensure that the FCA did enforce finding homes for orphan assets. This would mean that the state of the economy would be vastly improved, and finances would be in place for any aftershocks.

 

Josh Cousens – Monimine. 

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Recovering lost money for a relative suffering from dementia

Recovering lost money for a relative suffering from dementia

Managing a relative, when they are enduring the hardships of dementia is not easy. They may struggle maintaining independence and require frequent help and assistance. Common symptoms include memory loss and forgetfulness, which can often result in lost money.

dementia lost money

Misplaced wallets, hidden purses and forgotten pin-codes are just some of the problems. Depending on the severity of their dementia, it could transpire that they have completely forgotten about entire financial accounts or policies from their past.

If no paperwork can be found for the accounts or policies, tracing the assets can become extremely difficult. Unless you already have an idea of where your relative may have held accounts, you will be fumbling in the dark.

By obtaining a power of attorney for your relative, you possess the ability to make decisions on their behalf. This will entitle you to search for any lost money that is owed to your relative.

If you are able to, we would recommend that you ensure a will has been written. If your family member’s dementia becomes serious, they may be unable to write their own will and distribute their estate as they would have wanted.

Monimine can help both you, and your relative from a great deal of stress and inconvenience. By submitting a search for free through Monimine, the records you input will be cross-checked with the lost money data we have sourced from financial institutions. If a match occurs, you will be reunited with the money which is owed.

This unique service prevents the hindrance of guessing where your relative may have held accounts, and the nuisance of having to contact them all individually to retrieve the assets.

If you would like to search for any unclaimed money which you think could be owed to you or your relative, please visit monimine.com.

Josh Cousens – Monimine. 

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Why are UK expats losing track of their unclaimed funds?

Why are UK expats losing track of their unclaimed funds?

Emigrating to a foreign country brings plenty of potential banana skins. There is so much to organise, and you can be forgiven for forgetting about minor details. With so much preoccupation of settling into your new home in an unknown place, it can be easy to forget about your financial accounts from the UK. But this can be the catalyst for unclaimed funds.

expats unclaimed funds

As with all records, if you move house, it’s vital to notify the relevant company of your new address. Every time you move, the likelihood of one of your financial providers losing your current details increases. When you move to the other side of the world, that likelihood increases further.

Any companies holding your records can also merge or be bought out. This can be another factor for vital information going walkabouts.

Expats can lose unclaimed funds through an array of financial accounts. However, pension pots, bank accounts and premium bonds are amongst the worst offenders;

Pension Pots

“It is estimated by some that there is over £3bn in unclaimed personal and workplace pensions held in the UK in over 1 million pension accounts.”

If your retirement date is creeping closer, and you haven’t received any pension documentation, there may be a problem. If you’ve worked in a bunch of jobs throughout your career and now live in a different country, there’s a likely chance that one of your pension companies may have lost track of you.

It’s equally likely that you could forget about your pension company, which means the chances of your pension funds becoming unclaimed are doubled!

Experts For Expats said; “if you haven’t received your pension statement for over a year, it is possible that your pension has joined the increasing number of lost pensions.”

Bank Accounts

Forgetting to pass on your new address to product providers can also create unclaimed fund issues with your bank accounts. You may have had a number of bank or building society accounts in the UK. If one has slipped your mind, it will be difficult to reconnect with any assets inside the account.

It is not uncommon for this to happen. Cashy quoted that; “the overall total value currently lying in dormant accounts in the UK (those that have been inactive for 15 years or more) stands at more than £400 million.”

 Premium Bonds

Individual unclaimed funds, owed to expats from premium bonds are huge. Money International revealed how; “One of the unclaimed prizes belongs to a woman living in Australia. Her £6 investment in premium bonds in 1967 won a £100,000 prize in 2007 that is sitting in the vaults at National Savings & Investments in London waiting for here to come forward.”

“Another £50,000 belongs to a winner whose last known address was in Japan. The winning bond was bought in 1993 and the prize remains unclaimed since 2011.”

There are hundreds of other prizes waiting to be collected by expats. NS&I have expressed that there is up to £47 million waiting for winners from Britain and overseas to pick up.

The Unclaimed Funds Solution

Are you are living out your days on foreign soil? If you think you may have left some money in a UK financial account, or would like to check if you did, we have a solution!

To prevent wasted time, effort and headaches, Monimine offers a one stop shop. By entering your information into the cost-free Monimine registration, we can verify whether you are owed any outstanding assets from UK financial institutions.

We will check all forms of accounts and policies. Including pension pots, bank accounts, premium bonds and many more.

Would you would like to discover if you are owed unclaimed funds from a UK account? Search for FREE at monimine.com.

Josh Cousens – Monimine. 

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The UK’s unclaimed money mess

The UK’s unclaimed money mess

Unclaimed money is still regarded as a grey area in the UK, but the numbers are mind-blowing. The Financial Times quoted that, “there is a sea of unclaimed assets sloshing around the financial system, very conservatively estimated to be worth £77 billion.”

To put that into perspective … the biggest ever EuroMillions jackpot in the UK was announced in October 2017, at £168 million. If you compare that to the estimated unclaimed money total, the figure is astronomical.

UK's unclaimed money mess

Not enough people know about how vast the lost assets problem is within the United Kingdom, and how easy it can be for money to slip through financial cracks.

So … where does unclaimed money come from?

Unclaimed assets can often manifest themselves in various forms, and can lie hidden within the dark corners and hidden crevices of your financial accounts.

It’s much easier than you think to lose contact with one or more of your accounts and policies. When your financial provider is unable to contact you after a sustained period, your account will be deemed dormant, which is when any money within that account becomes trapped.

Here are a few reasons why you may lose contact with your financial institution, resulting in your account becoming dormant;

  • An unreported change of address.
  • Any name changes after marriage or divorce.
  • Inadequate or illegible record keeping.
  • Deceased relatives.
  • Forgotten policies/accounts.
  • Financial institutions merging, or closing.

It’s necessary to note, millions of UK citizens are completely unaware that they have unclaimed assets owed to them. If the institution cannot contact you, and you have don’t know about the assets, the money remains unclaimed.

What type of financial accounts/policies could contain unclaimed money? 

The answer is any, but here are the most common places for hiding your lost assets;

  • Premium bonds.
  • Bank and building society accounts.
  • Savings and investment accounts.
  • Stocks and shares.
  • Inheritances
  • Life insurance and pensions.

Have any laws been passed to prevent unclaimed assets?

Unclaimedfinances.co.uk noted how the Dormant Bank and Building Society Accounts Act was passed in November 2008. This was to ensure that any unclaimed money was reinvested into the community. Once money has remained trapped within a dormant account for at least 15 years, the funds can be used by the government for charitable causes.

However, rightful beneficiaries are still able to reclaim their money, even if it has already been used by the government.

Search for your lost assets, for free today at monimine.com 

Josh Cousens – Monimine. 

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How to save money & frugally prepare for winter.

How to save money & frugally prepare for winter.

Winter traditionally indicates a hike in your energy bill and an increase in your monthly outgoings. Any novel ways to save money are always a bonus, and we’ve created 10 genius ways of cutting back on the winter costs;

save money during winter

Switching Energy Providers.

Shopping around for a better energy supplier is quick, easy, and it can save hundreds of pounds. If you’ve been paying by direct debit, your account may be in credit after the cheaper summer months. By switching now, you could gain the excess cash and benefit from the bonus of a better energy deal.

A ‘Winterproof’ House.

Investing in added insulation and ensuring draughts are to a minimum can save plenty of pennies. The house is expensive enough to heat, so make sure you don’t let the warmth escape easily. Windows, doors, the loft and cat flaps are amongst the prime suspects for bringing down the temperature.

Wrap Up Warm

Save money by making sure your winter wardrobe is well stocked before the cold sets in. It’s your father’s traditional advice, but to reduce paying peak heating prices, put another layer on.

Timing The Temperature 

Drop the thermostat during the night. By using a timer, you can set the heating to come on half an hour before you climb out of bed. This way, you save the costings of keeping the heating on throughout your bedtime. Experts also claim that wrapping up warm in the duvet in a cooler room helps sleep.

Energy Efficiency

Employing these energy efficient tactics can reduce your winter costs.

  1. Turn off the lights when you don’t need them on.
  2. Fill the washing machine – no half washes.
  3. Turn off the plugs at the sockets.
  4. Only boil as much water as necessary.
  5. Ensure no furniture is obscuring radiators or heating sources.
  6. Turn off the heating and shut the doors in any rooms which are unused.
  7. Leave oven and microwave doors open after use to utilise heat.

Long Life Lights

By using long life, energy saving lightbulbs, you will be saving yourself a fortune in the shorter and darker days.

Fire Starter 

If you’re lucky enough to have a fire or a log burner, make the most of it. Not only is a fire warm, cosy and bright, it’s free! If you live close to woodlands, you could even go out and collect your own firewood.

Declutter The Gutter

As soon as the autumn leaves have stopped falling, it’s a good idea to clean out the guttering. The last thing you want is an added bill. The leaves can freeze in January and bring the guttering down, under the frozen weight.

Search today at monimine.com 

Josh Cousens – Monimine. 

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Finding international unclaimed assets at Monimine.

Finding international unclaimed assets at Monimine.

A few months ago, we received an interesting email. It was from a man who had been residing in South Africa. He had taken out a pension policy over 15 years ago with Norwich Life, which he had since lost connection with and had inherited unclaimed assets from.

finding international unclaimed assets

After unsuccessfully trying to contact his pension provider, he wrote to us, to see if we could help him locate his unclaimed assets. Although it wasn’t our usual field, we were more than happy to respond to Mr Cox and we promised to look into his case.

The pension policy which Mr Cox had held, was from a previous job and he had since forgotten about it. This example shows how easy it can be for money to become lost, and trapped within financial accounts.

Having investigated, Monimine founder, Bruce Cane was able to locate the business. He discovered that Norwich Life had since been sold to a consolidation company. Using thorough research techniques, we discovered where Mr Cox’s policy was now held.

We supplied the name of the business and contact details for the relevant department. Fortunately, Mr Cox was able to reconnect with his policy and was delighted to find a substantial £7,000 of unclaimed assets.

This case illustrates that with the right tools and knowledge, lost money can be recovered from closed businesses and dormant accounts. Even though the policy was situated outside of the UK, Monimine were still able to locate it and reconnect the holder with their money.

Mr Cox was elated with the service we had provided for him and wrote this kind testimonial about Monimine.

international unclaimed assets

You might have unclaimed assets too …

If you think you may have unclaimed assets owed to you, Monimine can help. Even if you are positive that you have never lost money, by searching for free through Monimine, you can be 100% sure.

We are leading experts in finding lost funds and leave no financial stone unturned. You greatly increase your chances of reconnecting with unclaimed assets by using Monimine.

Search today at monimine.com 

Josh Cousens – Monimine. 

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Are you the beneficiary to an unclaimed financial estate?

Are you the beneficiary to an unclaimed financial estate?

In 2011, millions of pounds from 20,000 unclaimed estates was eligible to be collected by the rightful heirs. But, how do you know if you are a beneficiary to an unclaimed financial estate?

heir to unclaimed financial estate

In one year, £21 million was paid out to a range of happy heirs. These beneficiaries were completely unaware that they were in for a windfall. However, once they discovered that they had money owed to them, they were able to claim and spend it as they wished.

Why is there so much money unclaimed from financial estates?

Families are geographically scattering, both nationally and internationally. The dispersed whereabouts of a family often means that individuals are passing away, without any close family to pass on their unclaimed financial assets to.

Example.

A spinster from Newcastle has left a financial sum to her nephew from Newquay, but has never met, or spoken to him. She has no children of her own, and unfortunately her parents and brothers are deceased  (including the nephew’s father.) As her only remaining family relation, she has decided to leave her financial assets to her nephew.

The lady from Newcastle subsequently passes away. But does not notify her nephew about the assets she has left to him. The executor, or administrator will then process the estate, but if no one is able to contact the nephew in Newquay, the money can easily become unclaimed.

The unclaimed financial estate solution.

A large group of heirs are unfortunately falling into this trap, and don’t even know that it’s happening. We want to ensure that all beneficiaries are able to collect any unclaimed financial estates that are owed to them.

Monimine offer a cost-free asset searching solution. Our tool allows the public to search for any lost assets which are owed to them. If the data you input into the Monimine registration matches with the records we have attained from the financial institutions, we can reunite you with your money.

Search today at monimine.com 

Josh Cousens – Monimine. 

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How you could find £39,000 in personal unclaimed assets.

How you could find £39,000 in personal unclaimed assets.

finding unclaimed assets

You’ve probably heard us repeatedly talking about unclaimed assets. But the fact remains that your money is still out there, and it’s waiting to be claimed. According to the Unclaimed Assets Register, the UK has between £15 and £20 BILLION of outstanding money. Some of this cash could belong to YOU and it needs to be collected.

You may think that you can’t have lost money through your personal financial accounts. But it’s easier than you think for unclaimed assets to become trapped within your accounts and policies. A male user from Money Saving Expert, was fortunate enough to discover £39,000 in an old pension policy.

Without even knowing it, you could be sitting on a large pile of your own lost assets. The windfall could relate to a family member, of which you are the beneficiary. Or it could stem from an old bank account which has been forgotten about, or within unclaimed premium bonds. The possibilities are endless.

But … just imagine unearthing your own exclusive financial treasure – for free.

This is where Monimine can help with unclaimed assets.

Monimine are a nationally recognised asset tracing tool. Successful liaising and negotiating with UK financial institutions has enabled Monimine access to a large database of records. This means that if you have unclaimed assets, we can find them.

Registering with Monimine is completely free of charge. All that you are required to do, is to input some personal information and a brief address history. This is so that we can identify your records and link you to your money. No financial information will be shared at any point.

If your information matches with the financial records we have in our database, we can reunite you with your cash.

It’s as simple as that.

There’s no catch, and there’s really nothing to lose.

Why not try your luck today? Search at monimine.com 

Josh Cousens – Monimine. 

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Expats Down Under face losing unclaimed money.

Expats Down Under face losing unclaimed money.

expats down under losing unclaimed money

Australia and the land down under is the most popular setting for British emigration. Figures taken from the Telegraph reinforce Australia’s prominence, with an estimated 1.2 million British expats currently living in Oz.

Australia’s laid back lifestyle, earning potential, distinctive landscape and cultural diversity has been attracting Brits for decades. The great climate adds to the appeal, but is it all too good to be true?

Millions of UK expats have packed their bags and made a new life by boarding the plane to Australia. But unknowingly to them, they could be sitting on a pot of their own unclaimed money back in Britain.

Another report from the Telegraph noted that expat pensioners are missing out on at least £850 million in unclaimed pensions benefits. The amounts owed in benefits, range from £2,000 to £30,000 a year. With tax-free lump sums worth between £50 and £40,000 also outstanding.

Unless these individuals are given a helping hand, it will be difficult for them to retrace their lost assets.

Why is it such a problem?

An array of financial problems can arise when people emigrate. If you have not duly notified the correct institutions about your decision to move overseas, it can cause complications.

Amongst all the chaos of packing up your lives to move across the world, it can be forgivable to forget to inform your bank, pension provider, or building society about the new address. However, failure to do so will make the financial institutions lives extremely difficult, when they try to contact you about the money you still have in that account.

Your financial providers will attempt to contact you if your account has a period of inactivity. If the letter of correspondence is sent to your previous UK address, you may never receive any notification. If the account is inactive for a set period of time, (usually minimum three years) it will become dormant and any assets held within will become unclaimed.

The costs for institutions to trace their clients overseas are expensive, and unless you make yourself known, your money will become trapped.

Luckily there is a solution. 

Monimine are leading experts in tracing unclaimed money. Using a revolutionary tool, Monimine allows the public to search for lost assets, whether they know they have them or not, for FREE. If the data you enter matches with the information we have acquired from financial institutions, we can reunite you with your cash ….. for FREE.

To save you the headache and stress of contacting each of your financial providers individually, Monimine offers a blanket solution which will search an array of institutions. Even if you’re sure that you left no pennies behind, the service is free. And wouldn’t it be worth double checking?

No costs, big rewards ….. what’s to lose?

Search today at monimine.com 

Josh Cousens – Monimine. 

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Whilst the autumn leaves fall, it’s time to pick up your financial assets.

Whilst the autumn leaves fall, it’s time to pick up your financial assets.

pick up financial assets

The emergence of autumns auburns has signalled the drawing of a reluctant curtain on our summer season. You may have had a bit more sunshine spending than you anticipated this year. So what better time to explore your accounts and investigate whether you’re owed any outstanding financial assets?

According to the Unclaimed Assets Register, there is currently between £15 and £20 billion of unclaimed money in the UK! Through our own independent research, we actually think that this total could be even higher.

A major problem is that many people don’t even know that they have lost assets. Can you be 100% sure that you haven’t leaked money through a pension policy? Perhaps your parents, or grandparents may have left money behind and you don’t know about it. There could be a pile of cash left in a bank account that you set up when you were younger and forgot about.

The possibilities of how money can be lost is endless … and it can happen to anyone. 

The good news is that all hope is not lost. In fact, Monimine can provide you with great hope. If you fancy establishing whether you are owed any unclaimed financial assets, you can do so for free, using the Monimine tool.

You’re in safe hands. Monimine are nationally recognised leaders in unclaimed asset tracing and if there is a pot of money to find, you have come to the right place. Using innovative technology, traditional tracing methods and years of experience, we endeavour to leave no financial stone unturned.

Monimine won’t charge you a penny to register, and if your information matches with the data we have sourced from financial institutions, we can reunite you with your money … it’s as simple as that.

No costs, no effort ….. what is there to lose?

Search today at monimine.com.

Josh Cousens – Monimine. 

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The mystery of dormant accounts explained …

The mystery of dormant accounts explained …

dormant accounts explained

You’ve probably heard Monimine repeatedly talking about dormant accounts. But what exactly is a dormant account, and can any financial account potentially become dormant?

Natwest deem an account dormant and no longer live, if it has been inactive for five years or more.

Why do banks change accounts to dormant?  

It is a prevention method. If the owner is not seen to be paying attention to the contents of their account, it can become vulnerable to fraud.

What happens when the account becomes dormant?

The bank will attempt to contact the customer, to notify them that their account is being suspended.

So why is there a problem?

Numerous banks will send a singular letter, and if the customer has moved address, they may never receive notification.

Other hiccups

Once a bank has announced an account dormant, it’s removed from central databases. If you then try to ring up the bank and enquire about your account, the call centre staff will be unable to view it on their system.

What happens if the account holder is deceased?

A large number of dormant accounts belong to holders who have passed away. If an inadequate probate administration failed to trace these accounts, it’s very possible that they may never be claimed.

Can family relations not claim the accounts?

If an account continues to be dormant for at least 15 years, the financial contents are passed on to the government’s unclaimed assets scheme. Where the funds are used for charitable causes.

Is the money then lost forever?

The good news is that, even if the money has been passed on to the unclaimed assets scheme, the account holder is still able to reclaim the assets at any time.

Monimine has been established to help deal with the difficulties surrounding dormant accounts. Members of the public are able to conduct a search for any lost assets, which may belong to them or a member of their family, for free. All they are required to do, is to input a short family history, and if a match is found, Monimine can reunite you with any outstanding money which is owed to you.

Find out if you are entitled to any unclaimed funds, for free. monimine.com 

Josh Cousens – Monimine. 

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Save money on the back to school shop.

Save money on the back to school shop.

save money on back to school shop

John Lewis revealed that children starting secondary school, were expected on average to cost their parents £6,800 throughout the year. Any costs that can be cut to save money can prove very valuable. So we’ve come up with a few ideas to help limit your school supply spendings.

  • Search the house for any leftover supplies. There’s no point splashing out to replace something, if you still have it hidden in the depths of the cupboard at home.
  • Similarly, delve into the children’s wardrobes and establish what still fits and is deemed worthy for the classroom catwalk. If the school blazer has got a years life left in it, hold fire until next summer.
  • Once you know what you’ve still got, make a list of everything you think you need. If you’re diligent and stick to the list, it will prevent any unnecessary spending on nonessential items.
  • Set yourself a spending limit. If you stick to the budget you have set yourself, you know that you won’t be in danger of breaking the bank.
  • Spending cash, rather than card, will help you to keep track of how much you have already blown. Avoiding extra costs.
  • Shop elsewhere. Car boots, charity shops and frugal websites often have a wide selection of back to school items, which can help to ease the pressures of spending. 
  • Large amounts of stationary and other useful classroom items can be bought in discount stores like Poundland or Poundstretcher.
  • For high school, sixth form, college and university students, second hand textbooks can save a small fortune. Why buy brand new, if you can purchase a copy at half the price, still in superb condition?
  • Coupon collecting is a worthwhile hobby. Supermarkets offer a diverse assortment of coupons for their stores. There’s a likely chance you can snap up a cheeky discount on back to school goods.
  • Timing is key. Holding fire and waiting for the peak rush to die down allows to you to benefit from the late sales, whilst retailers attempt to sell the rest of their stock before it’s too late.
  • If you know the kids get through their clothes quickly, or are prone to losing their pens. It’s advisable to stock up for the year whilst you can, whilst the reduced prices are on offer.

If you would like a few extra pennies to help your back to school shop. You might be one of the millions of Brits who has a pot of unclaimed money. We predict that there is at least £25 billion of lost assets in the UK, and some of it could belong to you. Register with monimine.com for free, and if we find you a match, we can reunite you with the money that is rightfully yours.

Josh Cousens – Monimine. 

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3 Million elderly people living in economic difficulty, whilst billions of unclaimed pension benefits go astray.

3 Million elderly people living in economic difficulty, whilst billions of unclaimed pension benefits go astray.

unclaimed pension benefits

A study by Age UK, revealed that one in four of the older generation are experiencing economic difficulties. Hundreds of thousands of pensioners have not been able to pay regular bills, or keep their homes suitably warm, whilst more than £3.5 billion in unclaimed pension benefits is going unclaimed each year.

Age UK explained that, despite huge numbers of the elderly being in financial predicaments, crazy amounts of benefits money is going unclaimed on a yearly basis. The charity believes that more needs to be done to help pensioners claim the money that they’re eligible for.

An eye-opening survey of more than 1,300 people aged over of 65 implied that;

  • 572,600 are unable to keep their homes suitably warm.
  • 286,300 can’t pay regular bills.
  • 708,000 struggle to keep their homes damp free.
  • 945,100 would not be able to replace a cooker if it was damaged.
  • 1,299,600 have no access to a car and can’t afford taxi fees. 

800,000 pensioners are living in ‘material deprivation’ and are unable to even afford the essentials, according to recent Government statistics. During 2016, the number of pensioners living under the poverty line reached 1.9 million.

Those who are in their latter years, single, or renting property were categorised as the most likely to be at risk of poverty.

“19% of all 80-84 year olds and 21% of over 85s are in poverty, opposed to the smaller 13% of 65-69 year olds.”

“20% of single pensioners are living in poverty, whilst only 13% of couples.”

Another investigation reported that £3.5 billion worth of pension credits and housing benefit are not being claimed by the elderly. What’s more is the opinion that the overall figure of unclaimed pension benefits is likely to be far bigger.

The most common problem is that people don’t realise that the benefits are available to them. Even if people have heard of the pensions credit, they tend to think that it won’t apply to them.

“People often just don’t like to ask for help. They feel there’s something not quite right about claiming benefits.”

Online applications are being encouraged for council tax support. Whilst this is ideal for millennials, pensioners could struggle with the digital technology, and many won’t have access to a computer or the internet.

An uneducated assumption is that our older generations are financially comfortable, however this data proves that viewpoint to be way off the mark.

If you think that you might possess a pot of unclaimed money, or would like to discuss how to claim your benefits, please visit monimine.com.

Josh Cousens – Monimine. 

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How are British expats affected by Brexit?

How are British expats affected by Brexit?

How UK Expats are affected by Brexit

According to the United Nations, 1.3 million Britons live in Europe and the Brexit ultimatum is causing unrest. The referendum has worried large flocks of British expats, because of the uncertainty and lack of clarity which surrounds the departure from Europe.

So what are the possible implications for expats living on the continent? 

Former attorney general, Dominic Grieve QC, expressed that Brexit would result in British citizens “becoming illegal immigrants overnight. If Britain doesn’t maintain some form of free movement after Brexit.”

Additional anxiety circles the idea that EU states will be angered by the Brexit decision. Therefore they could put pressure on British expats in revenge. UK retirees living in Spain, could be forced into paying for their own healthcare, or be cut from access to healthcare altogether.

A shared hope is that expats will be able to secure their continued right to work, reside and own property in EU states. In addition to access to public services, such as medical treatment. Unfortunately for Britons in Europe, these rights can not be guaranteed yet.

Is it all doom and gloom for UK citizens who live in Europe? 

Britain will remain in the EU for at least another year, while the terms of the UK’s exit are negotiated under article 50. This means that any British expats will still be entitled to the same rights as any other EU citizen, while the discussions are ongoing.

The BBC reported that UK expats will be able to maintain the ownership of their properties in Europe. The problems are most likely to be associated with alterations in inheritance and tax laws.

Who will be affected?

Pensioners account for the greatest numbers of British expats living within EU countries. Many of the demographic rely on their pension incomes to enjoy life in the Mediterranean sunshine. Any fluctuations in currency could jeopardise the pension totals.

Another fear is that state pensions will lose the current protection they receive from being within the European Economic Area. The decision could potentially be made to freeze pensions, like expats currently residing in Canada.

What do we know for sure?

The future of how British expats will be impacted by Brexit is still largely unknown. But we believe that an increasing number of indicators will start to develop as the negotiations continue.

In the meantime, if you are an expat pensioner, there is a strong chance that you could be entitled to a pot full of unclaimed money. According to findmylostpension.com, a quarter of unclaimed UK pensions belong to expats. The valuations range from £2,000 to £30,000 per year, and there are tax-free lump sums of up to £40,000.

If you would like to search for any lost assets. Monimine.com allows you to search for unclaimed money for free. If the details you enter, match with the records we have acquired from financial institutions, we can reunite you with your money.

Josh Cousens – Monimine. 

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Unclaimed Money: What do you have in common with Beyoncé & Robert De Niro?

Unclaimed Money: What do you have in common with Beyoncé & Robert De Niro?

celebs with unclaimed money

I’m willing to bet that you never thought you had much in common with Beyoncé, Scarlett Johansson, Robert De Niro, or Denzel Washington? They are just a few of the A-list celebrities who have been uncovered as having unclaimed money. The New York Post explained that, even way back in 1999, an expected $700,000 in lost assets were owed to a long list of the rich and the famous. 

The reasons for their money going missing are exactly the same. The assets have been lost through insurance pay-outs, dividends, uncashed cheques, abandoned bank accounts and unknown inheritances. If a Hollywood superstar can lose track of their finances, so can you. It proves how easy it can be for money to sneak through the gaps, become side-lined and forgotten about.

Although we may not be in line for a windfall the same size as some of these superstars. There is every chance that you might have a pot of money owed to you. In many cases, the rightful beneficiary doesn’t have a clue about the funds that are owed to them.

The United States unclaimed money issue is equally as ambiguous to the UK’s. CNBC states that there is more than $40 billion of lost assets across the pond. The problem needs to be addressed – lost money is being left hidden in the deep crevices of financial accounts, and staying there.

Would it not be perfect, if you could enter your details into the computer and be told if you’re entitled to any unclaimed funds? And wouldn’t it be even better, if you didn’t have to pay to find out?

If you would like to determine whether you could be sitting on a pile of unclaimed cash, visit monimine.com. Using unique, digital software, we are able to cross check your details with the leading financial institutions. If a match is found, we can reconnect you with any unclaimed money that is rightfully yours. What’s more is that we won’t charge you a penny.

Start your search today – monimine.com 

Josh Cousens – Monimine. 

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Probate, like herding cats? No longer.

Here’s a challenge for you…

Write your Will. (morbid I know)

Now instead of writing vaguely about your estate, try and define everything you own, then divvy it out.

Tough, isn’t it? Have you remembered your stocks & shares? life assurance? All your pension pots?

Typically, most people write about jewellery in more detail than they do their financial assets. Now think, if you can’t remember where your accounts are, how do you expect someone else to? I know, for my father, I have absolutely no idea what he owns, or where. It’s just not dinner-time entertainment talk (see also ‘Very British Problems’). So, usually, we never find out until the day comes when you must shuffle through desk draws finding pieces of paper and following the trails like a never-ending kite string.

How, in any way, is this a 21st century option? Why do I, as a grief stricken individual, have to pull financial accounts as if I were pulling teeth? This is the last thing I want to be doing at that time. Anyone who has been in this position will know what I’m talking about; there are simply other, more important, things to be doing.

What’s more, I’m probably going to miss half of his accounts because:

A.     I don’t know what shares he owns,

B.     I certainly don’t know how his company pension works (I don’t really know if he had pensions from old jobs… maybe?),

C.     And, his savings and/or current accounts might as well be locked in a box-room at the Vatican’s secret archives. I’ve got the same chance of seeing them too.

You know, that’s fine. I’m happy to not know what my his financial situation is, it’s his prerogative tokeep it personal. But, I know he would blow a gasket if it didn’t go where he wanted when his time comes.

As well as being a means to deal with unclaimed assets, Monimine is an incredibly simple way of staying in-touch with your finances. Where an individual moves to a new house, if they securely log into the Monimine system, they can update their address. Monimine will then notify all the relevant institutions about the move, and your accounts should never become dormant again!

Hugely important to us, is to provide a service to those left behind. Where a spouse or family member dies, you can register this with Monimine. Monimine will then verify whether this is true using government registers (getting rid of the fraud issue) and then notify the necessary institutions. We no longer see it suitable for a widower to have to trawl up the high street notifying each institution individually (an incredibly emotionally draining process). I’m sure there will be many out there who agree, this service is hugely beneficial, and long overdue.

If you’re interested, please have a look at our site www.monimine.com, we’re 100% free to the public and will never use your data for anything other than to unite you with your assets, or keep your financial service providers up to date.

Cheers,

Andy.

What to do with the multiple policies in your pension plan?

What to do with the multiple policies in your pension plan?

multiple policies in pension plan

It’s becoming increasingly rare for an individual to remain in the same job for the duration of their career. Because of this, a growing number of people are possessing multiple policies in their pension plan. The accumulation of a new pension policy from each job can become difficult to keep track of. Aegon cited that one in five people have lost track of some of their pension savings.

The introduction of auto-enrolment pensions are a large contributor towards individuals acquiring multiple policies. Legislation has made it compulsory for employers to automatically enrol their workers into a pension scheme. The number of small pension pots within an individual’s plan have increased significantly because of this. The Department for Work & Pensions say that the number of people in workplace pension schemes has already surpassed the five million mark.

If you are in a similar situation, with a handful of policies in your pension plan – you have two options. You can either; keep your policies separate, or you can consolidate them into one plan. Aegon revealed that 67% of people would prefer to combine their multiple pension policies.

Both options have their pros and cons, and can vary massively depending on circumstances. We would advise speaking with an independent financial advisor, who will be able to recommend the best course of action for you take.

Making the right choice can make the difference in a higher income pension, or even an earlier retirement date. So it is essential that you are clued up and are sure you’re making the right decision. The best option will contrast from one person to the next, because of the different rules, guarantees and rights associated with each pension policy.

The convenience of having all of your pension policies under one roof allows you a peace of mind. You know that you won’t have to rack your brains to think about where your remaining policy is. However, downsides can include loss of employer contributions, bonus eligibility and you could be hit with an exit penalty.

Each person will face their own factors with their pension plan. Speak with a financial advisor to find a solution that best suits you. If you think that you may have some outstanding assets in a pension policy, Monimine allows you to search for them for free. Start your search today at monimine.com.

Josh Cousens – Monimine.

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