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Child Trust Funds: Millions of pounds stuck in 80,000 accounts - report

Families are facing court battles to get their children's money, in pots worth up to £210m in total. ....

Ruth Clegg , Philip Warford , Caffe Nero , Laura Williams , Child Trust Fund , Ministry Of Justice Mo , Department Of Work , Child Trust Funds , Michele Creed , Renaissance Legal , Malan Syndrome , Child Trust , Mental Capacity Act ,

80,000 young people unable to access £210million cash windfall

80,000 young people unable to access £210million cash windfall
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Child Trust Funds , Renaissance Legal , Mental Capacity Act , Uk News ,

Young adults with disabilities struggling to access savings, campaigners warn

The Ministry of Justice said it understands parents’ frustration and is working to simplify the system ....

Philip Warford , Laura Williams , Teddy Nyahasha , Una Summerson , A Ministry Of Justice , National Audit Office , Ministry Of Justice , Mental Capacity Act , Renaissance Legal ,

Tory and Labour peers put forward plan to fix Child Trust Fund lockout

An industry-devised workaround to allow the parents of disabled children access to otherwise-locked Child Trust Fund and Junior Isa savings without having to go to court could be given legal backing under proposals put forward by peers.
Former Tory cabinet minister Lord Young and Labour s Lord Blunkett have proposed an amendment to the Financial Services Bill which would enable child savings of up to £5,000 to be paid out to parents or guardians provided they can fill in a five-page form and get approval from a medical practitioner.
The amendment, which will be debated on Monday, comes as peers across all parties have grown increasingly frustrated with the Government s seeming inaction on a problem which has already affected 8,000 disabled 18-year-olds since September 2020 and could affect as many as 160,000, according to savings industry estimates. ....

Nigel Banfield , David Blankett , Philip Warford , Child Trust Fund , Savings Alliance , Child Trust Funds , Law Commission , Child Trust Fund Or Junior Isa , Financial Services , Junior Isa , Lord Young , Lord Blunkett , Financial Services Bill , Junior Isas , Lord Wolfson , Capacity Act , Story Treasury , Mental Capacity Act , Renaissance Legal , நைகல் பணபிஎல்ட் , பிலிப் வார்ஃபோர்ட் , குழந்தை நம்பிக்கை நிதி , சேமிப்பு கூட்டணி , சட்டம் தரகு , குழந்தை நம்பிக்கை நிதி அல்லது ஜூனியர் ஐசா , நிதி சேவைகள் ,