HMRC says that 55,000 Child Trust Fund accounts are set to mature each month from September.

The Government is launching a consultation which could see the Financial Services Compensation Scheme and the Financial Ombudsman Service extended to all Gibraltar financial firms selling to UK consumers and businesses.

The Junior ISA and Child Trust Fund allowances will be increased from £4,368 to £9,000 from April in a move to help more young people save.