Now, via one single platform, probate professionals can initiate a wide number of searches that will deliver comprehensive results
- As part of the agreement, Landmark’s Financial Asset Search service now includes Experian’s Unclaimed Assets Register search with every order -
Landmark Information Group has entered a partnership with Experian, the leading global information services company. The first deliverable from the agreement is to automatically include Experian’s Unclaimed Assets Register (UAR) search for lost financial assets into the Landmark Financial Asset Search (FAS) service, which is a dedicated service that helps probate professionals identify lost, unknown or dormant financial assets for their clients, as part of the estate administration process.
In addition to automatically contacting over 200 financial institutions to identify lost or dormant financial assets such pensions, life policies, unit trusts, FTSE 100 shares and bank accounts, the Landmark FAS service now integrates with UAR to request a search of their database, which contains around five million records of unclaimed financial assets.
The UAR is a service provided by Experian that reunites consumers with their lost financial assets and providers. It also helps insurers, pension providers, financial institutions and listed companies address the issue of unclaimed money by providing a single source to search for lost investments.
Businesses regularly submit their customer data to the Register for tracing to help reunite consumers with lost assets, as well as authenticate consumers’ entitlement to assets.
Jo Buxton, General Manager, Insurance from Experian said: “With billions of pounds of financial assets lying unclaimed, and UK consumers managing more financial services online, it is getting harder to find records of their lost or forgotten assets. The UAR holds nearly five million records of individuals who have unclaimed monies and is invaluable in helping people locate these lost assets and putting probate professionals in touch with financial providers to reclaim clients’ money. By working together with Landmark Information Group, integrating the UAR into its Landmark FAS service, we are providing a quick and easy way to identify potential assets, from one simple online order.”
Commenting on the agreement, Alison Douglas, Product Manager from Landmark Information Group said: “Whilst financial institutions make every effort to find lost customers when funds are due to be paid out, these efforts are sometimes unsuccessful and as a result, assets can become lost. Now, via one single platform, probate professionals can initiate a wide number of searches that will deliver comprehensive results and ultimately help unite their clients with any unknown or lost assets so they can be taken into consideration as part of the estate administration process.”
When a probate professional instructs an order through Landmark FAS, details of the deceased are automatically sent to over 200 financial institutions for processing and a report is delivered in 28 days outlining the feedback received. This will now include the findings from the Experian UAR search, in addition to the existing FTSE 100 Share Search. To help with customer efficiency and to manage costs of this disbursement, the Experian UAR data search is included at no additional cost.
For more information visit www.landmarkfas.co.uk. Alternatively, click on www.landmark.co.uk, follow the team on Twitter, subscribe to the YouTube Channel or connect via LinkedIn.
Notes to Editors:
About Landmark Information Group
Landmark Information Group, part of the Daily Mail General Trust, is the UK’s leading provider of land and property search information, including digital mapping, environmental risk reports for property professionals and sophisticated property management tools to surveyors, risk and fraud managers and the broader financial markets. It also has operations in Germany in the form of On-Geo, and interests in Holland.
Landmark has quickly developed into a leading provider of property related environmental risk information and digital mapping since the inception of the business in 1995.
Working closely with data providers including Ordnance Survey, the Environment Agency, the Coal Authority and the British Geological Survey enables Landmark to offer current and historical environmental risk management information and desktop mapping solutions for the property industry. Since 1995, substantial investment has been made in establishing the Landmark database which is one of the largest geographical information databases in Europe.
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score, and protect against identity theft. In 2014, we were named by Forbes magazine as one of the ‘World’s Most Innovative Companies’.
We employ approximately 16,000 people in 39 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2015, was US$4.8 billion. To find out more, please visit http://www.experianplc.com or watch our documentary, ‘Inside Experian’.
Peppa Sheridan, Peptalk Communications
01787 313822, email@example.com
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