Tracing Child Trust Fund

bravobeastie

Hi all

I'm not sure if i've put this in the right place or not, but we don't know where the government has put our Child Trust Fund (well, my sons money not ours lol)

We were late finding somewhere to invest it and i think it went into Egg or something like that but i'm not sure. We only ever received 2 statements from them (our son is 4 this year) and we have since moved house too.

Is there anyone i can contact to find out where it is and how to get a statement?

Thank you

jessicamb

bravobeastie wrote: »

Hi all

I'm not sure if i've put this in the right place or not, but we don't know where the government has put our Child Trust Fund (well, my sons money not ours lol)

We were late finding somewhere to invest it and i think it went into Egg or something like that but i'm not sure. We only ever received 2 statements from them (our son is 4 this year) and we have since moved house too.

Is there anyone i can contact to find out where it is and how to get a statement?

Thank you

Hi do any of these names ring a bell?

Abbey
Children’s Mutual
engage Mutual Assurance
Family Investments
Foresters
Halifax Financial Services
Healthy Investment
Kingston Unity Friendly Society
NatWest
Pilling & Co
Royal Bank of Scotland
Scottish Friendly Asset Managers
Tesco Personal Finance
The Share Centre
Ulster Bank Limited

they are the companies used by the inland revenue if you do not pick your own CTF provider.

http://www.childtrustfund.gov.uk/templates/Page____1320.aspx

statements are normally sent once a year I think but I'm sure they would be able to give you a value if you called up.

baby_boomer

Can you imagine how many of these CTFs are going to get lost over the years? Far more than the average because many will have gone to parents who aren't used to financial record keeping and I suspect a majority won't have any transactions for 18 years so people will naturally forget about them.

The other huge increase in lost accounts lies in the internet accounts with paperless statements, hidden behind passwords that you aren't meant to reveal to anyone else!

More money for Gordon - or rather his successors .

Meltdown_2

If I read the stats I saw recently right, then about 20% of the CTF accounts end up being opened automatically by the govt, rather than the parents.
This makes what baby_boomer says about 'lost accounts' rather likely, though it seems to me the financial institutions are the ones benefitting.