Keywords

ALB, Arm’s Length Bodies, Public Bodies, Quangos, Public Servants, Civil Servants

Reclaim Fund Ltd (RecFund)

Reclaim Fund Ltd is a Executive NDPB sponsored by HM Treasury. The principal activity of RFL is the receipt and management of dormant account monies and the meeting of reclaim obligations, as per the Dormant Bank and Building Society Accounts Act 2008 and Dormant Assets Act 2022 - subject to its authorisation and regulation by the FCA to act as a reclaim fund.

Regional Remit

RecFund operates in the UK. Their headquarters are located in North West England.


Cabinet Office | ALB Landscape Analysis 2023-24

Source: Office for National Statistics licensed under the Open Government Licence v.3.0 Contains OS data © Crown copyright and database right 2025

2023/24 Chair's Name

Lawrence Weiss

Established

2021

Ombudsman

Financial Ombudsman Service

Cabinet Office | ALB Landscape Analysis 2023-24

Finances

This figure provides an overview of Reclaim Fund Ltd’s income and expenditure during the 2023/24 financial year.

Some ALBs, such as those with Trading Fund status, do not classify their spending data by RDEL, CDEL, and AME and will report £0 for these values.
For more information regarding RDEL, CDEL and AME, please see our analysis of ALB Spending.

Cabinet Office | ALB Landscape Analysis 2023-24


Staffing

The figure below shows the types of staff employed by Reclaim Fund Ltd on 31 March 2024.


Cabinet Office | ALB Landscape Analysis 2023-24

Arms Length Bodies

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