Young adults lacking mental capacity will gain access to Child Trust Funds

As part of powers to be introduced into the Financial Services Bill, the proposals would allow suitable parents and carers to apply directly to Child Trust Funds providers for access. This would avoid the need for Court of Protection proceedings and in many cases could benefit an estimated 63,000 to 126,000 young adults, according to the Treasury. The government said it will work with various stakeholders to explore how the new process is designed, including who can access funds, what evidence is required and what proportionate safeguards are necessary to protect young people who lack...