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

Summary

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.

This is a reviewed summary. Read the complete article at the original source.

Why it matters by industry

• Finance

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