Vestigium Services - Working with Asset Management

Thu, 29 Oct 2020 12:02:00 GMT

Vestigium Services were requested to pilot some of its work for "AmCo Investments". Vestigium were able to provide more results, more accurate results, and less erroneous results than others.

Following the success of this work, Vestigium were provided with circa 10,000 records - Vestigium found over 45% at first review.

For circa 30% of those found Vestigium found the individual to be deceased. Vestigium were then asked to provide its Executor and Next of Kin tracing services for those records. AmCo were also aware that there were ‘known deceased’ records on their book which would benefit from this service. In total Vestigium implemented its Executor and Next of Kin tracing Service for circa 6000. For all these cases, Vestigium confirmed the deaths and researched whether the customers had probate available to them. For all those cases
where the customers had probate, Vestigium purchased probate on AmCo’s behalf and traced the Executors. Vestigium were able to provide addresses for living Executors in over 85% of the cases.

For those customers who did not have probate granted to them, Vestigium used its expertise to locate a nearest available next of kin who Amco could write out to. In over 50% of the cases Vestigium were able to provide a current address for a living next of kin.
As more individuals leave probate than do not, in total Vestigium were able to provide a living individual at a current address in around 75% of all the above cases.

Following Vestigium’s success on the above services, AmCo requested assistance with their book of customers who were not deemed gone away, but at risk of their circumstances changing. Vestigium provided its Living as Stated check and subsequent analysis which highlighted risks AmCo faced from its book of ‘good data’ and provided rectification, via forensic research, for those cases which required it.

Vestigium helps a Life and Pension Company

Thu, 29 Oct 2020 11:52:00 GMT

Vestigium Services were approached by LifeCo to provide assistance with an ongoing project to locate LifeCo’s legacy Gone Aways.

LifeCo were transferring their business, and to meet regulatory requirements, best efforts had to be made to reduce their Gone Away population ahead of the transfer. Historically LifeCo had used multiple internal and external methods to locate these Gone Aways. In some cases, these policy holders had been Gone Away for numerous years despite these efforts.

Vestigium received over 5000 records and found 55% straight away with the remainder held in Vestigium’s repository for on-going searching.

Case Studies

Vestigium Services - Working with Asset Management

Vestigium helps a Life and Pension Company