Children's fund accounts

25 JUL 2007

A recent review of children's damages awards held in court and administered by the Court Funds Office (CFO) identified approximately 4000 children's accounts where the award had not been placed in an index tracker fund, as directed by the court. Instead it was placed into an interest paying CFO investment account. The cases concerned are those where the award was more than £5000 and the child was under 13 years of age, when the investment should have been made. The CFO has set up a dedicated team to contact affected clients. There is also a helpline contact number on 0845 345 6656 or clients can write to Court Funds Office, 22 Kingsway, London, WC2B 6LE.

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