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Child Trust Funds

Volume 451: debated on Wednesday 1 November 2006

To ask the Chancellor of the Exchequer what the average percentage return has been from a child trust fund allocated under the default investment arrangements; and how many child trust funds have been allocated to each default provider. (98514)

We do not hold information on rate of returns from child trust fund accounts.

Up to 20 September 2006, the total number of child trust fund accounts opened by HM Revenue and Customs under the default arrangements was 441,474. These are allocated on a strictly rotational basis to those 14 providers who have volunteered to take these accounts.