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AFM finds that more than £600m of Child Trust Funds remain unclaimed

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Published on: 02 September 2021
Published by LNB News

LNB News 02/09/2021

Document Information

Issue Date: 02 September 2021

Published Date: 02 September 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Association of Financial Mutuals (AFM) issued a press release stating that more than £600m of Child Trust Funds (CTF) remain unclaimed since the first CTFs matured in September 2020. AFM commented that due to confusion, a lack of trust in financial providers and failures of financial education many young people remain reluctant to act.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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