UK banks trust account exodus cuts lifeline for disabled people, says charity

People with disabilities are facing potential hardship because banks are scrapping trust accounts that allow money to be managed safely on their behalf. Victims awarded personal injury settlements and those with learning difficulties are among those facing “severe consequences” as accounts are closed or frozen by high street banks and building societies, according to campaigners. Trust accounts are typically set up by representatives of a vulnerable individual to protect their assets and ensure a stable financial future. A disabled person’s trust gives an appointed trustee a legal right to administer funds or property on behalf of the beneficiary. The assets

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