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. Reclaim Fund Ltd is ultimately owned by Co-operative Group Ltd via its financial services holding subsidiary Angel Square Investments Limited (formerly known as Co-operative Banking Group Limited). It is authorised and regulated by the Financial Conduct Authority, operates independently with an appointed Board and Executive, and is non-profit-making.
We unlock the potential of dormant assets to enhance communities and enrich lives.
We safeguard the rights of dormant asset holders while optimising the financial benefits for good causes.
Honesty in everything we do
Supporting each other by being stronger together
Fulfilling our obligations, ensuring accountability
Continually enhancing our knowledge and competence