Cunningham MP Many of these inactive accounts
- a million in total nationally - are held by children from the poorest 17% of families, said Mr Cunningham, with those young people at risk of missing out on and average of PS1,500 each.
"Our increased focus on KYC and our efforts to streamline our operations are leading to an increased number of accounts that are being closed, including inactive accounts
or accounts of which the customers were insufficiently responsive to information requests.
If a sponsor wants to aid the process of rolling employees' inactive accounts
into their new plan, there are several approaches they can consider.
Disabling inactive accounts
will ensure that investors' money is not vulnerable to fraudsters.
One shoe retailer saw a more than 450 percent increase in online revenue generated by text messaging alone; an IT services firm saw a 57 percent increase in re-engagement from inactive accounts
; and an online appointment booking service increased conversions by 40 percent while cutting costs by almost as much.
Michael Pachter, a stock analyst with Wedbush Securities, said he thinks the purge late last year may have been part of an initial sweep of inactive accounts
that had little effect on activity or advertising revenue.
Summary: New Delhi [India], July 13 (ANI): Prime Minister Narendra Modi and Congress President Rahul Gandhi, among others on Friday lost thousands of Twitter followers after the micro-blogging site deleted several suspicious and inactive accounts
Anyone taking a close look at your follower list can spot a stretch of fake and inactive accounts
. If you buy followers and your real customers find out, can you expect them to trust you?
The Pilgrim's Fund Board or Tabung Haji (TH) has advised depositors with inactive accounts
exceeding seven years to activate their accounts before June 9.
That is the highest share of inactive accounts
in the world, and exactly double the developing-country average of 24 percent.
However, although nearly all the households are now said to have access to banks, the number of people with inactive accounts
is embarrassingly high.