Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories


  •  One in three families and friends find it difficult to trace all the assets left in wills and up to £175 million goes missing each year
  •  Just 49% of people have wills and only 36% have updated them in the past two years
  •  Unique new online service lists all assets securely in one place and can be updated easily
  •  Service is free to register a will’s location and costs £12 a year to register assets with five per cent of its revenues going to charity

More than 175,000 people a year struggle to track down all the assets left by loved ones in wills, research (Online survey conducted by Consumer Intelligence of 1,978 adults aged 18+ between September 9th and 11th 2014) from, a unique new secure online service enabling people to store wills and register assets, shows.

wills& nationwide study found 31% of those who have lost loved ones in the past 10 years have struggled to find all their financial assets – equivalent to around 175,000 people a year in the UK.

The value of assets which may have gone missing are not trivial – on average those who fear they missed assets believe they could have lost £9,700 which equates to around £175 million left unclaimed. That is just the average – 12% of those who believe money went missing think it could be £20,000 or more.

Tracking down the assets can be expensive – research found 39% of those who have lost loved ones in the past 10 years have spent an average £2,250 on solicitors and other advisers after a death.

Part of the problem is people failing to draw up wills – research shows just 49% have wills – rising to 79% among those aged 65-plus. But only 36% of those who have wills have updated them within the last two years and that only rises to 37% for those aged 65-plus. is helping address the issue with the launch of a unique online national registry providing a single secure place for people to store wills, final instructions and details of their assets to make it easier for loved ones after a death.

The service is free for registering wills and charges £12 a year for those who wish to store details of assets and to update them regularly. donates 5% of its revenues to charity.

Stephen Foden of said: “No one wants to think about what will happen when they die but failing to do so can leave loved ones with significant problems and stress at an already very tough time.

“With more than 175,000 people a year struggling to sort out loved ones’ finances there is clearly a need for better planning and our service provides a single secure place to store wills and to detail what financial assets there are and how they can be found”

Across the country people in the North East are the least likely to have wills – just 36% – while those in the South East are the most likely with 55% having wills. However people in Wales with wills are most likely to have updated them in the past two years.


East Midlands                 46%                                                                             43%
South West                     50%                                                                             32%
Scotland                          48%                                                                             24%
South East                      55%                                                                             35%
West Midlands                52%                                                                             31%
Yorkshire & Humberside 43%                                                                             34%
North West                      47%                                                                             46%
Wales                              41%                                                                             47%
London                            43%                                                                             46%
North East                       36%                                                                             28%
Eastern                            50%                                                                             39%

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post