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Child Trust Fund: Children in Care

Treasury written question – answered on 22nd March 2010.

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Photo of Ruth Kelly Ruth Kelly Labour, Bolton West

To ask the Chancellor of the Exchequer what assessment he has made of the performance of stakeholder Child Trust Funds managed by the Official Solicitor or Accountant of Court on behalf of looked-after children.

Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury

holding answer 17 March 2010

The Child Trust Fund legislation provides that the Official Solicitor for England and Wales and the Official Solicitor for Northern Ireland manage the Child Trust Fund accounts of looked-after children where there is no one with parental responsibility. It is part of their duties to review the Child Trust Fund accounts under their control to ensure they continue to meet the best interests of the child.

The Child Trust Fund legislation also provides that in Scotland the Accountant of Court manage these accounts. She is responsible to Scottish Ministers.

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