Reclaim Fund
(asked on 7th November 2023) - View Source
Question to the HM Treasury:
To ask His Majesty's Government how much money has been paid out to claimants by The Reclaim Fund in each of the past five years, following enactment of the Dormant Bank and Building Society Accounts Act 2008.
This question was answered on 21st November 2023
Reclaim Fund Ltd (RFL) has distributed the following amounts in each of the past five years to dormant account owners:
Year | 2017 | 2018 | 2019 | 2020 | 2021/22 | 2022/23 |
Reclaims (£m) | 15.7 | 13.9 | 12.9 | 12.9 | 15.4 | 15.3 |
In line with its statutory obligation, RFL continues to meet customer reclaims in perpetuity. Reclaim rates have remained broadly consistent since the inception of the Dormant Assets Scheme in 2011.