investment woes

Administrative errors that led to damages awarded to children not being properly invested are being corrected, the Ministry of Justice says. A recent review of children’s damages awards held in court and administered by the Court Funds Office identified about 4,000 children’s accounts where the award had not been placed in an index tracker fund, as directed by the court. The cost of corrective payments will be around £12.5m. The cases concerned are those where the award is more than £5,000 and the child was under 13 years of age when the investment should have been made.