AQW 8150/08 Written question to the Minister of Finance and Personnel
To ask the Minister of Finance and Personnel what plans he has to reunite Ulster Savings Certificate holders with their money.
Asked by Naomi Long MLA on 17 June 2008
- Answered
- Written
- Tabled
- 17 June 2008
- Answer due by
- 1 July 2008
- Answered
- 26 June 20089 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
The Department has taken steps to contact certificate holders as far as is practicable since the 1990 policy review recommended the winding up of Ulster Savings. As a result, a number of holders and relatives of deceased certificate holders have reclaimed certificates. While Ulster Savings certificates to the value of £105m were held in 1997, this has now been reduced to £6.2m.
The Department has made information about the scheme available on its website and ensured that any enquiries through the Post Office and National Savings and Investments are directed to DFP. In addition, contact details regarding the scheme are available in the Phone Book in Northern Ireland and on the website of HM Revenue and Customs.
The Department continues to consider other opportunities to publicise the Ulster Savings scheme.