Question to the HM Treasury:

To ask His Majesty's Government what steps they intend to take to ensure that young people do not lose track of their investments in Child Trust Funds.

HMRC has worked closely with Child Trust Fund (CTF) providers, the wider industry and the Money and Pensions Service to ensure that young people are aware of, and can access, their CTFs.

HMRC has:

• worked closely with CTF providers to ensure they are meeting regulatory requirements to communicate with CTF customers approaching and reaching maturity.
• developed and improved the ‘Find my CTF’ service on GOV.uk to help customers locate their account.
• added information to the National Insurance Notification (NINO) letter, which is sent out prior to a child’s 16th birthday, to raise awareness of the CTF scheme with children in the appropriate age bracket.
• required CTF providers to write to their customers informing them of their options in their 17^th year and to provide statements annually after the account holder turns 18.
• issued a range of communications through regular press releases and social media posts

Children with maturing CTFs also receive a significant amount of written information pertaining to their account directly from their account provider.

The government is committed to helping people access the savings and money they are entitled to and continues to explore new routes to reunite young people with their Child Trust Funds.