Government Launches Child Trust Fund Taskforce to Reconnect Young People With £1.6bn in Savings
The UK government has convened a new Child Trust Fund Taskforce bringing together major financial institutions with the Treasury to trace and reunite more than 750,000 young adults with unclaimed savings worth an average of £2,200 each. The initiative addresses a longstanding gap between accounts that were established for children born between 2002 and 2011 and the young people who are now eligible to claim them but remain unaware of where their funds are held or how to access them. The piece draws on Rachel Blake, Healthy Investments, Share Foundation, Child Trust Funds and HMRC.
