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‘My dying husband couldn’t cash in his Isas. Now they won’t give me the money’
Services such as Settld can notify companies of a death for free, however not all firms are signed up to these services and you may still have to contact some individually. ‘My dying husband couldn’t cash in his Isas. Now they won’t give me the money’ Lucy Alderson Saturday April 15 2023, 12.01am, The Times Bereaved families are still being put through unnecessary grief by financial firms. When Peter Stratton found out that his cancer was terminal in March 2022, he wrote to Scottish Widows asking to withdraw the £67,100 he held in his four Isas. Sadly, he died before [...]
Beyond the grave: How deathtech startups are transforming what happens when we die
Startups are disrupting all aspects of death with digital-first tech that includes will writing, planning, funerals, inheritance of digital assets, and human composting. Beyond the grave: How deathtech startups are transforming what happens when we die 13 April 2023 - Death is hard and expensive for those left behind. Startups are disrupting all aspects of death with digital-first tech that includes will writing, planning, funerals, inheritance of digital assets, and human composting. Cate Lawrence A friend's mum died last week. She told me "I had no idea there would be so much paperwork." When you're grieving, the last thing you [...]
Settld crowned winner of Lloyds Banking Group ‘Grow with Purpose’ contest
Founder scoops top £5,000 award for ‘sadmin’ startup after Dragon’s Den-style session, hosted by Fintech North Award-winning bereavement admin service Settld has won high praise from some of the UK’s most senior banking executives following a Dragon’s Den-style pitching session hosted by Fintech North and supported by Lloyds Banking Group. Settld’s co-founder and CEO Vicky Wilson scooped plaudits and the top prize of £5,000 for creating a free nationwide service which has now helped thousands of families deal with admin - or ‘sadmin’ - following a death. The ‘Grow with Purpose’ challenge was organised by FinTech North, which was [...]
Boss of bereavement admin firm urges utility companies to point customers to Settld one-stop shop
UK water companies are being encouraged to work even more closely with death administration firm Settld. This means they can comply quickly with new guidance from the regulator OFWAT. OFWAT wants them to place a higher priority on bereaved and vulnerable customers. OFWAT Guidelines OFWAT recently published new guidelines for water companies. These are designed to help provide better support for household customers across England and Wales. The regulator’s guidance states: “Companies should establish and implement clear and effective policies, procedures and systems and a helpful culture to identify customers in vulnerable circumstances, such as ... bereavement, and take proactive action to [...]