The UK government has been urging people to put money into Child Trust Funds and many people have done so one the advice of the government.
The BBC now reports that these funds have lost 29% in the past year. Has the government been miss-selling investments? Some claim the consumers have been taken to the cleaners.
My question is: Is the government authorized to make the statements it made under the FSA rules? Or are we looking at litigation down the road? — ST.