Reclaim Fund Ltd today welcomes the first participant of the Alternative Scheme at the Building Societies Annual Conference.
Andrew Hague, Chief Executive of Newcastle Building Society presented a cheque for their initial scheme participation to Adrian Smith, Chief Executive of Reclaim Fund Ltd.
The Alternative Scheme enables building societies and banks with balance sheet values below £7bn to utilise their qualifying dormant accounts to support their favoured local and aligned charities.
The Conference, at the QEII Conference Centre, London is due to run for two days.