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1681752

registered interest
date	11/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Reclaim Fund
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether the Government Actuary was consulted by Reclaim Fund Ltd when it implemented the Internal Capital Guidance issued by the Financial Conduct Authority for reserves under the Dormant Assets Acts 2008 to 2022.
tabling member printed	Lord Young of Cookham
uin	HL1549
answer	answer is ministerial correction date of answer 18/01/2024 answer text <p>The Internal Capital Guidance was set and implemented whilst Reclaim Fund Ltd was a private company, as such it did not have access to the Government Actuary‘s Department. Nonetheless Reclaim Fund Ltd received, and continues to receive, external specialist advice.</p> answering member printed Baroness Vere of Norbiton question first answered 18/01/2024 14:45:18 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	57 label Biography information for Lord Young of Cookham

1668122

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Reclaim Fund
house id	2
legislature	25277 pref label House of Lords
question text	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.
tabling member printed	Lord Young of Cookham
uin	HL81
answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Reclaim Fund Ltd (RFL) has distributed the following amounts in each of the past five years to dormant account owners:</p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>2017</strong></p></td><td><p><strong>2018</strong></p></td><td><p><strong>2019</strong></p></td><td><p><strong>2020</strong></p></td><td><p><strong>2021/22</strong></p></td><td><p><strong>2022/23</strong></p></td></tr><tr><td><p>Reclaims (£m)</p></td><td><p>15.7</p></td><td><p>13.9</p></td><td><p>12.9</p></td><td><p>12.9</p></td><td><p>15.4</p></td><td><p>15.3</p></td></tr></tbody></table><p>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.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 17:01:32 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	57 label Biography information for Lord Young of Cookham