PC – Verification of Capital

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  • #20408
    DJM
    Participant

    Hi folks

    Following the publication of G2/2007, I’ve been asked to write a decision paper for our senior mgt team to help them decide whether we should follow suit ourselves when we receive a HB/CTB claim directly from a pensioner, and just accept the claimant’s declaration regarding cash, premium bonds and capital bonds.

    I just wondered what other people thought. All opinions gratefully received!

    #2928
    Anonymous
    Guest

    We had a procedure meeting the other day and decided to adopt the DWP practise.
    Our thinking being – anyone who declares Premium Bonds or Savings Bonds is probably going to tell you the right amount anyway,
    And after all, how do you prove cash?
    “Could you please bring in your tea caddy so I can count the contents, Madam!!” 😯 8)

    #2929
    DJM
    Participant

    Thanks Jon – I’ve now got visions of claimants bringing in the loose change from down the back of the sofa!

    😆

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