The National Savings (Remediation Scheme) (No. 2) Regulations 2026
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Change 1
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(1) An eligible claim arises where— (a) the personal representative of the estate of a deceased person has asked the Director of Savings for a valuation of any relevant holdings, and (b) the Director of Savings has failed— (i) to notify the personal representative of all of the relevant holdings, or (ii) to transfer to the personal representative the value of all of the relevant holdings together with any contractual interest, and (c) the Director of Savings retained in error one or more relevant holdings which had on 5 May 2026 a value or a combined value including contractual interest, of £10 or more. (2) For the purpose of this regulation— (a) any enquiry by a personal representative which names the estate of a deceased person is an enquiry as to, in relation to the deceased person— (i) the existence of any relevant holding, and (ii) the value of any relevant holding together with the value of any contractual interest; (b) if the deceased person was a trustee, an enquiry by a personal representative must be treated as an enquiry under this regulation as to any relevant holdings held in the deceased person’s personal capacity and separately in the deceased person’s capacity as trustee, and in the latter capacity separately in respect of each separate trust fund.
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(1) An eligible claim arises where— (a) the personal representative of the estate of a deceased person has asked the Director of Savings for a valuation of any relevant holdings, and (b) the Director of Savings has failed— (i) to notify the personal representative of all of the relevant holdings, or (ii) to transfer to the personal representative the value of all of the relevant holdings together with any contractual interest, and (c) the Director of Savings retained in error one or more relevant holdings which had on 5 May 2026 a value or a combined value including contractual interest, of £10 or more. (2) For the purpose of this regulation— (a) any enquiry by a personal representative which names the estate of a deceased person is an enquiry as to, in relation to the deceased person— (i) the existence of any relevant holding, and (ii) the value of any relevant holding together with the value of any contractual interest; (b) if the deceased person was a trustee, an enquiry by a personal representative must be treated as an enquiry under this regulation as to any relevant holdings held in the deceased person’s personal capacity and separately in the deceased person’s capacity as trustee, and in the latter capacity separately in respect of each separate trust fund.
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