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Nov 4 · UTC

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UK plans simpler access to Child Trust Funds for young adults lacking financial capacity

GOV.UK — News and communications ·

What to know

The UK government plans legislation allowing parents and carers to approach Child Trust Fund providers through a simpler access process. Eligibility, evidence and safeguards will be developed with stakeholders. This is a proposed reform requiring parliamentary approval and secondary legislation, not an access route already in force.

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Source and evidence

GOV.UK — News and communicationsOriginal language · und

GOV.UK / Crown copyright — Contains public sector information licensed under the Open Government Licence v3.0.Source licence

Why it matters by industry
  • Finance

    Fund providers and financial services teams should track the proposed operational and safeguarding requirements.

Reviewed summary. The complete article remains at its original source.