The Share Foundation, a charity that runs the Child Trust Fund (CTF) and Junior ISA schemes for young people in care in the UK on behalf of the Department for Education, has launched a campaign to raise general awareness of the CTF.
CTFs were put in place for all children born between 1 September 2002 and 2 January 2011, provided they were living in the UK and not subject to immigration controls Some six million accounts have been created, which between them are worth more than £9bn, but the charity has estimated more than one million of the accounts are lost to the young account holder. On top of this, the charity said, more than two million account owners have "little awareness" of the money to which they are entitled. In order to help reunite children with their CTFs, The Share Foundation has launched a progra...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
