Child Trust Fund injustice to end under Government plans
What was announced
Young people lacking the mental capacity to make financial decisions will finally have easier access to their Child Trust Funds.
Key points, in the publisher's words
- Easier access to savings for thousands of young adults lacking the mental capacity to make financial decisions
- Families spared complex and lengthy court process under new reforms
- Part of Government’s plan to create a fairer Britain for everyone
Figures in this announcement
Each line is quoted from the original. Figures are as the publisher stated them on the day.
- “The reforms are expected to allow parents and carers to go directly to Child Trust Fund providers to access savings, solving years of unnecessary anguish for an estimated 63,000 to 126,000 young adults.”
- “Economic Secretary to the Treasury, Rt Hon Lucy Rigby KC MP, said: The changes that we’re introducing will help tens of thousands more young people to connect with their Child Trust Funds – worth on average £2,600 each.”
Who and where
People
- Jake Richards (MP for Rother Valley (Labour)) · more news
- Lucy Rigby (MP for Northampton North (Labour)) · more news
UK bodies of power
- Ministry of Justice (UK government department) · more news
- HM Treasury (UK government department) · more news
- Court of Protection (court) · more news
Constituencies of the MPs named: Rother Valley, Northampton North.
Where this sits in the 10 levels of power
Topics, as GOV.UK files them: Savings accounts for children.
Receipt
- Original: https://www.gov.uk/government/news/child-trust-fund-injustice-to-end-under-government-plans
- Published 2026-11-03 13:00:11 UTC
- Read by this site 2026-11-03 13:15:05 UTC from GOV.UK
- Saved copy: receipt 7381, with its SHA-256 fingerprint
Contains public sector information licensed under the Open Government Licence v3.0.
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