Child Trust Fund
The question
To ask the Secretary of State for Justice, pursuant to the Answer of 7 April 2025 to Question 43737, if she will share the minutes of those meetings with the hon. Member for Horsham and the Child Trust Fund campaign.
Answered by Sarah Sackman
Engagement with The Investment and Savings Alliance (TISA) was via an exchange of emails so there are no meeting minutes. The exchanges sought any feedback provided to Child Trust Fund providers by parents or carers about: (i) signposting by TISA to the parent and carers toolkit published by the Ministry of Justice in 2023; and (ii) the additional information sent by providers to account holders since February 2024 with the mandatory account statement at age 16. This provides information about mental capacity and the possible need for a parent or carer to make an application to the Court of Protection. No data was available.
An informal meeting took place with UK Finance in April 2025 to explore whether any data was available in relation to Child Trust Fund withdrawals and the process used. No formal minutes were produced but the note taken by officials records that no data was available.
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