New rules to help 120,000 young people access Child Trust Fund savings

The Treasury has announced new rules designed to assist 120,000 young people who lack mental capacity in accessing their Child Trust Fund savings. This policy change follows a six-year campaign by Andrew Turner, a father from Horsham, who has advocated for these modifications. Turner has described the government's decision as a breakthrough, as the updated regulations aim to simplify the process for vulnerable individuals to retrieve funds held within these specific savings accounts.