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As students return to college and university this month, the FCA is urging young adults and parents to check whether they have a forgotten Child Trust Fund waiting to be claimed – potentially worth thousands of pounds.Figures from HMRC show that 760,000 matured Child Trust Funds, worth an average of £2,000 each, remain unclaimed. That means hundreds of thousands of young people could be missing out on money that could go towards new laptops, text
Duty, and whether there are barriers to vulnerable young adults accessing their money.This will report next year.Notes to editorsChild Trust Funds were available to children born between 1 September 2002 and 2 January 2011, with the scheme now closed to new applicants. Around 6.3m accounts were opened.Existing accounts will continue to mature until 2029, with young adults able to access them once they reach 18.Young adults can trace a lost Child
