NS&I bond holder lost.

colbee

Many thanks to alanq for keeping his head out of the clouds and his feet on the ground. Everybody else, please get a grip and try to address the problem (which is not me!). I hoped to attract constructive and knowledgeable comment, not opprobrium.
I have no moral or actual obligation in the matter: I drew the circumstances to the attention of the relevant authority (the NS&I and the insurance company) and gave all the information needed to set things straight. Doesn't seem difficult to me, but clearly I'm expecting too much.

xylophone

(which is not me!)

You are aware that a child is owed money - incidentally, you do not give the source of the cash.

If you bought the bond with your own money and/or paid the policy premium with your own money, I guess you could say that you once decided to make a gift and have changed your mind - in one sense (although only one since it would appear that the proceeds do actually belong to the child), it is your money that you are seeing go to waste - which is a pity.

If, however, the source of the gift was another party and you acted as agent, then in my opinion this could be seen as a dereliction of duty?

As for constructive suggestions, I think that you have had several?

colbee

Xylophone, sorry but you are playing several bum notes. The source of the money is totally irrelevant, save to say it was not sourced from ill-gotten gains, but even that would not make it relevant. And, as I have already been at pains to point out, the money belongs to the child. Mind-changing does not enter into the matter, although I find it a bit mind-boggling that anyone could put such a construction on it. Dereliction of duty?- are you having a laugh? I'll have a pint of what you're on.

pqrdef

colbee wrote: »

I have no moral or actual obligation in the matter: I drew the circumstances to the attention of the relevant authority (the NS&I and the insurance company) and gave all the information needed to set things straight. Doesn't seem difficult to me, but clearly I'm expecting too much.

Don't be absurd. You put money in the name of a 3-year-old child. Fine if you're the guardian or if you tell the child. Otherwise, you could have made yourself a trustee.

As it is, nobody but you knows the account exists. Without your co-operation, how is anybody supposed to show that they're the named account holder? Having changed both name and address and notified NS&I of neither change at the time, this child was going to have a lot of trouble redeeming this bond even if they'd got the letter.

Banks have no responsibility to run a free fairy-godmother service for people who come into money they aren't aware of.

xylophone

I'll have a pint of what you're on.

Common sense? You're welcome!;)

pqrdef

And anyway, the child will want to know where the money is from, before they spend it.

Unexpected windfalls from unknown sources only happen in Victorian novels.

colbee

Absurd is as absurd does. The key word for you genii is focus: focus on what I originally asked, which was not for advice on how I might conduct my personal affairs. I asked for knowledgeable information on the role and responsibilities of financial institutions; not airy-fairy opinion and guesswork. Clearly those of you who behave like self-appointed public moral philosophers (perhaps not consciously, but a moment of self-contemplation should enlighten) have taken a mighty weight on your shoulders which, to be honest, is proving rather too much for you.
I crave your pardon for daring to intrude on your Lewis Carrol fairyland; indeed my name is not Alice, so I have no right to be here. I will leave before someone says 'Off with his head!'. I truly hope you get much comfort from each other's company. Thank you and good night.

xylophone

I crave your pardon for daring to intrude on your Lewis Carrol fairyland; indeed my name is not Alice, so I have no right to be here. I will leave before someone says 'Off with his head!'. I truly hope you get much comfort from each other's company. Thank you and good night.

Do I hear the sound of a dummy being chucked out of a pram...?:D

iAMaLONDONER

colbee wrote: »

Absurd is as absurd does. The key word for you genii is focus: focus on what I originally asked, which was not for advice on how I might conduct my personal affairs. I asked for knowledgeable information on the role and responsibilities of financial institutions; not airy-fairy opinion and guesswork. Clearly those of you who behave like self-appointed public moral philosophers (perhaps not consciously, but a moment of self-contemplation should enlighten) have taken a mighty weight on your shoulders which, to be honest, is proving rather too much for you.
I crave your pardon for daring to intrude on your Lewis Carrol fairyland; indeed my name is not Alice, so I have no right to be here. I will leave before someone says 'Off with his head!'. I truly hope you get much comfort from each other's company. Thank you and good night.

I hope I ,personally, didn't offend you.

If I did, I apologise

dzug1

colbee wrote: »

Many thanks to alanq for keeping his head out of the clouds and his feet on the ground. Everybody else, please get a grip and try to address the problem (which is not me!). I hoped to attract constructive and knowledgeable comment, not opprobrium.
I have no moral or actual obligation in the matter: I drew the circumstances to the attention of the relevant authority (the NS&I and the insurance company) and gave all the information needed to set things straight. Doesn't seem difficult to me, but clearly I'm expecting too much.

There isn't a problem unless you choose to make it one. You say you have no moral or actual obligation in the matter. Therefore there isn't, for you, a problem.

NSI will say their hands are bound by money laundering and more likely data protection issues . I would suspect that even if they do something about it they will take the view that they can't tell you they are doing so. That may be 'wrong', they may be misinterpreting things, but it's life

You've three practical choices:

do nothing

get the info to the child/guardian

get someone else to get the info to the child/guardian