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Children in Care: Child Trust Fund

Justice written question – answered on 17th March 2010.

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Photo of Ruth Kelly Ruth Kelly Labour, Bolton West

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.

Photo of Bridget Prentice Bridget Prentice Parliamentary Under-Secretary, Ministry of Justice

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.

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