PARLIAMENTARY WRITTEN QUESTION
(2 April 2025)
Question Asked
To ask the Secretary of State for Justice, which organisations within the financial industry her Department has consulted with on locked Child Trust Funds since January 2025.
Asked by:
John Milne (Liberal Democrat)
Asked by:
John Milne (Liberal Democrat)
Answer
The Department continues to engage with financial organisations on the issue of Child Trust Funds where the account holder lacks mental capacity to access their account and legal authority is required to enable a parent or carer to access the funds on their behalf.
Since January 2025, the Department has engaged with The Investment and Savings Alliance (TISA) and UK Finance. The Department has also engaged with a range of stakeholders with interest including One Family and others.
Answered by:
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