Government launches taskforce to tackle £1.6bn in unclaimed child trust funds

The move from Labour, announced today (29 June), comes as more than 750,000 young people have unclaimed accounts worth £2,200 on average and all together these are worth more than £1.6bn. The taskforce is headed up by economic secretary to the Treasury, Rachel Blake, and will be bringing together CTF providers and the government to drive a "coordinated effort" to increase reunification of accounts. Taskforce members will include One Family, Coutts, Nationwide, HSBC UK, Pilling, The Coventry (Co-operative), Sheffield Mutual, Unity Mutual, Forester, Healthy Investments and Yorkshire Bui...