Lost Property and Escheatment Content

On Tuesday the State of Maine introduced a bill that would, among other things, change the securities escheatment trigger under the Maine Revised Unclaimed Property Act from returned mail to inactivity. Fidelity alerted us to this bill on Friday afternoon. The bill was fast-tracked...

Focus on Funds Fund Investors Should Be Alert to “Abandoned Property” Risk Pennsylvania and other states are changing the laws governing when and how retirement savings accounts are deemed “abandoned” by the investor—and taken by the state government. In response, ICI has created...

Pennsylvania Wants Your Retirement Account By Tamara K. Salmon (As published in the Pittsburg Post-Gazette, September 18, 2016) In July, Pennsylvania legislators made a quiet change to a law and put your retirement savings at risk. Few people know how this law works—but the danger to...