The CTF ‘Gone Aways’ Working Group will actively work with all interested parties to increase publicity of Child Trust Funds (CTF), the imminent maturities and to reunite assets with their owners. The Group has produced a ‘best practice’ document for the industry to use as a guide in reducing ‘gone aways’ for CTF accounts.
Nigel Banfield, Technical Policy Manager (Cash Savings) leads this work at TISA.
Areas of focus
• Identify key blockers: • Lack of access to HMRC records. • Potential fraud risk. • Identify solutions: • Regular MI. • Collaboration between HMRC and industry. • Partnership channels with key players. • Create awareness and promote CTF products.
Firms who are members of/participating
Coutts & Co Hargreaves Lansdown Interactive Investor National Savings & Investments (NS&I)
Nationwide Building Society OneFamily RBS SS&C DST The Share Centre Ltd
If you are a TISA member, and would like to get involved with the CTF Gone-Aways work, please get in touch at email@example.com