Source · Select Committees · Public Accounts Committee

Sixty-Seventh Report - Child Trust Funds

Public Accounts Committee HC 1231 Published 26 July 2023

Report Status

Government responded

Conclusions & Recommendations

26 items (2 recs)

Source

View on Parliament website ↗

Government Response

AI assessment · 26 of 26 classified

Accepted 18

Acknowledged 1

Deferred 3

Rejected 4

Government response

Treasury minutes: Government response to the Committee of Public Accounts on the Sixty-seventh report from Session 2022-23 · published 24 Sep 2023

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

5 Conclusion Acknowledged

HMRC does not collect the data from providers needed to plan timely action to improve...

Conclusion

HMRC does not collect the data from providers needed to plan timely action to improve young people’s engagement with their accounts and assess whether its actions are working. HMRC’s understanding of Child Trust Fund accounts that have matured but are … Read more

Government Response Summary

The government agreed, stating the recommendation is implemented. HMRC has reviewed its awareness and tracing strategy, is confident in its current approach, and will continue to explore new routes and monitor unclaimed accounts to determine when further intervention is appropriate.

HM Treasury

View Details →