By James Chapman PUBLISHED: 19:17 EST, 19 March 2013 | UPDATED: 03:14 EST, 20 March 2013 £4.8bn move: The Chancellor George Osborne will agree to unlock billions in child trust funds and allow parents to transfer their investments into more generous junior ISAs The savings of more than six million children are to be rescued and the remaining elderly victims of one of Britain’s biggest financial scandals compensated in a twin Budget boost for young and old. Chancellor George Osborne will today agree to unlock £4.8billion in child trust funds and allow parents to transfer their investments into more generous Junior ISAs.
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Chancellor to unlock £4.8bn in child trust funds in Budget statement
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The move follows a long-running campaign by Money Mail
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George Osborne will extend compensation for Equitable Life policyholders
Mr Osborne will announce a 12-week consultation on how to allow transfers of funds from child trust fund accounts into @placeholder.