King’s estate to transfer £100m into ethical funds after bona vacantia revelations

Exclusive: Duchy of Lancaster changes investment policy amid questions over how money collected from dead people is used

King Charles’s estate has announced it is transferring more than £100m, including funds collected from dead people under the archaic system of bona vacantia, into ethical investment funds after an investigation by the Guardian.

The surprise announcement comes amid growing pressure on the king over the Duchy of Lancaster’s use of funds collected from people who die in the north-west of England with no will or next of kin.