Carol Knight

More must be done to reunite children with their funds over the next year

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.

Help is at hand for power of attorney obstacle course

Any one of us may have to request a power of attorney at some point in our lives, for any number of reasons. But one thing that should be consistent is the way in which financial institutions deal with the requests, so that the process is as simple as possible for the consumer.