OREANDA-NEWS. £113 million of assets that have still to be claimed following the demutualisation of The Standard Life Assurance Company in 2006. Standard Life has asked its Registrars, Capita Asset Services, to run another tracing programme to attempt to contact anyone who hasn't yet claimed.

When Standard Life demutualised in 2006 it had around 2.4 million policyholders with an entitlement to cash or shares and 280,000 of these people failed to claim what they were due. Since then, Standard Life plc has worked to reunite those still to claim with their assets, reducing the figure to 73,000 people who have still to make a claim.

Commenting, Paul McKenna, Associate Group Company Secretary, said:

"To date we've reunited over 200,000 people all around the world with these unclaimed assets. We ran a very successful campaign in 2009 and we are hopeful that our latest effort will have equally positive results. The average amount those who still have unclaimed assets are likely to be entitled to is over £3,000 in total and we estimate the largest claim to be over £120,000, depending on share price. These entitlements are held in an Unclaimed Assets Trust which is closing on 9 July 2016, which is why we are making this concerted push well ahead of time running out."

All those eligible should receive a letter from Capita outlining how to make a claim within the next few months. Anyone making a valid claim can contact Capita Asset Services on 0845 608 1478 who will handle the claim on their behalf.