/About us
About us2021-05-26T15:32:20+00:00

About us

Established in 2011 following the enactment of the Dormant Bank and Building Society Accounts Act 2008 and the completion of the regulatory regime, Reclaim Fund Ltd makes it possible for money in dormant bank and building society accounts to be used to help good causes.

The Co-operative Group was approached by HM Treasury in late 2009 to support the Government and industry efforts by establishing a reclaim fund to enable dormant account monies to be used for good causes. Reclaim Fund Ltd was incorporated on 13 August 2010 and commenced operations on 28 March 2011.

In late 2019, the Office for National Statistics (ONS) conducted a review of RFL and classified it to the central government subsector. This decision made RFL a public body, applicable retrospectively from its establishment in 2010.

Due to RFL’s new status as a public body, in March 2021, the shareholding previously held by Angel Square Investments Limited (formerly known as Co-operative Banking Group Limited) was transferred to Her Majesty’s Treasury’s (HM Treasury) aligning RFL’s accountability to government as a public body with its ownership.

UK Government Investments Limited (UKGI) manages HM Treasury’s shareholding in RFL. RFL is legally incorporated with its own legal identity, acting at arm’s length from the government and governed by a separate Board of Directors.


Answers to the most common questions regarding who we are and what we do


Our purpose

We unlock the potential of dormant assets to enhance communities and enrich lives.

Our mission

We safeguard the rights of dormant asset holders while optimising the financial benefits for good causes.

Our values

Honesty in everything we do

Supporting each other by being stronger together

Fulfilling our obligations, ensuring accountability

Continually enhancing our knowledge and competence



Answers to the most common questions regarding who we are and what we do