"Around half a billion pounds hidden in child trust funds could be unlocked immediately, as the government is urged to do more to reunite young people with their money."
"Two-thirds of the six million recipients of child trust funds are now over 18, meaning they should be able to access their accounts, yet an estimated 750,000 young adults are yet to claim their fund."
"The Share Foundation has called on the government to help reunite people with their child trust funds through an automatic release mechanism, which would see the funds automatically accessible."
The Independent focuses on critical issues such as reproductive rights, climate change, and financial transparency. It highlights the significant amount of unclaimed child trust funds, estimated at 1.5 billion pounds, which could benefit young adults. Experts urge the government to implement an automatic release mechanism to help reunite young people with their funds. The organization advocates for quality journalism accessible to all, funded by donations, and aims to provide balanced reporting without paywalls, ensuring that important stories reach a wide audience.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]