Child Trust Funds and Data Breaches
Money Box
BBC
4.2 • 825 Ratings
🗓️ 8 July 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Changes to how families of disabled children can access UK government-backed trust funds have been announced. Currently, parents and carers of 18-year-olds who lack mental capacity have to apply to the Court of Protection to access the money. The Ministry of Justice says claims will now be dealt with in eight weeks - rather than six months. We'll hear from Mike Freer the Minister for Courts and Legal Services and from a campaigner who says the changes don't go far enough.
Hundreds of thousands of people have had their personal information stolen by hackers. We'll ask what you can do now to stay safe.
We'll discuss a new report calling for banks and other financial institutions to do more to improve services for people with hearing difficulties. The report is from the Lending Standards Board which is calling for greater inclusion. UK Finance, which represents the banking and finance sectors, told us it's committed to supporting customers and do offer extra support including British Sign Language translations in branches, longer appointments and quiet rooms.
Help To Save, a savings scheme for people on low incomes, has been extended. We've got the details.
Presenter: Felicity Hannah Team: Dan Whitworth, Sandra Hardial, Jo Krasner Editor: Jess Quayle
(First broadcast 12pm, Saturday 10th June, 2023)
Transcript
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| 0:00.0 | You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one. |
| 0:06.5 | I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds. |
| 0:11.2 | I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects, |
| 0:16.0 | relationships, identity, comedy, even one that mixes poetry, music and inner city life. |
| 0:22.4 | So one day I'll be helping host develop their ideas, the next fact-checking, a feature, |
| 0:28.3 | and the next looking at how a podcast connects with its audience, and maybe that's you. |
| 0:33.6 | So if you like this podcast, check out some others on BBC Sounds. |
| 0:39.5 | BBC Sounds, music, radio, podcasts. |
| 0:43.5 | Hello, welcome to this Moneybox podcast. |
| 0:45.8 | One in five people in the UK are deaf or have some hearing loss. |
| 0:50.1 | We've been told banks need to do more to be accessible and protect those customers from fraud. |
| 0:54.8 | Speaking of fraud, hundreds of thousands of employees have had their personal information stolen by hackers who are threatening to share that data online. |
| 1:03.4 | I could face fraud or impersonation for the rest of my life. |
| 1:06.8 | If that's you or someone you know, we'll ask what you should do next. |
| 1:10.5 | And a savings scheme for people on low incomes has been extended, meaning more can benefit from a government bonus. |
| 1:16.7 | But first, new reforms have been announced to help the families of disabled young adults access their child trust funds |
| 1:23.3 | after many parents complained about lengthy court processes. |
| 1:27.1 | The Ministry of Justice says it's |
| 1:28.8 | streamlined court proceedings, issued a step-by-step guide, and is working to identify the families |
| 1:34.2 | who may need help navigating the process. But campaigners have told Moneybox it's not enough. |
| 1:40.6 | Earlier this year, after a consultation, the government decided against changing the legal process. |
| 1:46.0 | So a quick refresher, child trust funds ran between 2002 and 2011. |
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