UK banks are closing trust accounts for disabled individuals, leaving many without financial security.

UK banks are closing trust accounts that manage funds for disabled individuals, causing significant financial uncertainty. These accounts provide financial security for vulnerable people, but closures without warning and limited alternatives are leaving families struggling. Only a few banks still offer the service, often with high fees or strict requirements, highlighting the need for clearer regulatory guidance to ensure vulnerable individuals are not left without financial support.

3 months ago
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