Child trust funds at risk of being forgotten by their account holders
Hundreds of millions of pounds in child trust funds (CTFs) to help young people financially in early adulthood has not yet been claimed, according to a spending watchdog. The National Audit Office (NAO) raised concerns that accounts are at risk of becoming forgotten or lost track of by those holding them. It said estimates indicate that more than one-quarter of CTFs have remained untouched for a year or more after