Source · Select Committees · Public Accounts Committee
Recommendation 18
18
Child Trust Funds risk becoming a neglected legacy product with high fees.
Conclusion
We are concerned that Child Trust Funds will become another example of a legacy financial product that is not given the necessary attention by government to succeed against its aims over the long-term. We have noticed in other projects that legacy products often have very high fees because they are under no real scrutiny.29 Monitoring the scheme
Government Response
A response document is linked to this report, dated 24 September 2023. Response attribution to this conclusion has not been verified. Read the response document ↗