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Children in Care: Child Trust Fund

Volume 507: debated on Wednesday 17 March 2010

To ask the Secretary of State for Justice what percentage of Child Trust Funds managed by the Official Solicitor or Accountant of Court on behalf of looked-after children have been re-allocated to a different provider following concerns about investment performance. (322393)

15.12 per cent. of Child Trust Funds (969) managed by the Official Solicitor have been reallocated to a different provider following concerns about investment performance. At the time of the review of providers, the Official Solicitor acted as the registered contact for 6,076 children's Funds. To date, the Official Solicitor manages 6,406 Funds.