Up to a million children are owed around £1.5bn in public funds. We have to act quickly to reunite them with their money.
This same time next year the first cohort of Child Trust Fund (CTFs) recipients will turn 18. CTFs were set up by the last Labour government to encourage saving for children. The initiative was based on the idea that providing young people with a certain amount of money at the start of their adult lives would engender greater financial confidence.