A government-backed savings scheme meant to give every child a financial head start is backfiring—£1.6 billion in unclaimed Child Trust Funds sits idle, while financial firms profit £100 million annually in fees. Critics say the poorest, who need it most, are least likely to claim their money. Now, a new taskforce is forming to track down beneficiaries and return the funds, aiming to fix a well-intentioned program that missed its mark.
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