Child Trust Fund "Injustice" and Pension Opt-Outs
Parliament was asked this week to help tens of thousands of young adults get access to their own money. It is sitting in the state-backed Child Trust Funds set up more than 15 years ago with contributions from the government, parents and other relatives. However, because these young people have learning disabilities the legal process for getting hold of their own money can cost more than the couple of thousand pounds typically in their fund. What happens next? New figures reveal that in a single year half a million people said 'no thanks' to joining a workplace pension. Like everyone taking…
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