BRITAIN: ‘ Families of Missing People Get More Help to Resolve Their Financial Affairs ‘

#AceFinanceNews – BRITAIN – August 28 – On the 27 August – Families of missing people will be given extra help when a loved one goes missing, under proposals announced by Lord Faulks QC.

​The government’s proposals, which fill a gap in the law, would create a new power for relatives of missing people. This would allow families to take care of legal and financial affairs following a disappearance – for example being able to suspend direct debits for mobile phone and utility bills or to make mortgage payments.

It follows the introduction of certificates of presumed death which can be applied for by relatives from 1 October 2014.

These will be equivalent to death certificates and will enable families to resolve a loved one’s affairs when he or she is thought have died.

Ace Related News:

  1. ‘Missing Children and Adults: A Cross Government Strategy’ was published in December 2011. It committed the government to ensuring there are appropriate systems in place for families to deal with the legal and financial problems faced by those left behind following a disappearance; this consultation forms part of this work.
  2. Data on the number of people who go missing in England and Wales together with indications from other jurisdictions on the use of their legislation, suggest that if similar provisions were created in England and Wales there would be between 50 and 300 appointments annually.
  3. View the consultation paper: Guardianship of the Property and Affairs of Missing Persons. The government will decide whether to create a status of guardian of the property and affairs of missing persons once it has considered the responses to the consultation.
  4. The consultation will last for 12 weeks and will close on 18 November.
  5. The Presumption of Death Act 2013 will take effect on 1 October 2014.
  6. The charity Missing People supports missing persons and their families to explore their options and, where possible, to reconnect. For those left behind they provide specialised support to ease the heartache and confusion, and help search for their missing loved ones.

UK Government Press Release

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FRANCE: ‘ PM Manuel Valls Appoints Former Merchant Banker Emmanuel Macron As Economy Minister ‘

#AceFinanceNews – FRANCE (Paris) – August 28 – French Prime Minister Manuel Valls appointed Emmanuel Macron, a 36-year-old former merchant banker, as his economy minister on Tuesday (26 August), as he unveiled his new government.


Valls, who was himself appointed by President Francois Hollande in March, dissolved his administration on Monday after the left-wing economy minister Arnaud Montebourg criticised the government’s economic policies and accused Germany of having an “obsession” with budgetary austerity in two speeches over the weekend.

​"France is a free country which shouldn’t be aligning itself with the obsessions of the German right," Montebourg told a Socialist party rally on Sunday.

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