Changes to OneFamily Child Trust Funds in 2026

Anticipated date of change:

19 July 2026

We're changing which fund some of our customers' Child Trust Funds invest in and which part of the OneFamily Group acts as Child Trust Fund manager.

These changes will affect Child Trust Funds that were previously invested in:

Family Charities Ethical Trust Fund
Santander International Mixed Investments
Legal and General All Share (N) Tracker Trust
Barclays PROSPER
Family Investments Child Trust Fund

You can find details about the new funds these accounts will be investing in in the table below.

What's changing?

The fund you invest in is changing

The legal entity of your Child Trust Fund is changing

The “legal entity” is the company within the OneFamily Group that manages your Child Trust Fund.

This is currently “Family Equity Fund Limited”. It will be changing to “Family Assurance Friendly Society Limited”.

OneFamily is a trading name for both these entities so you’ll still be a OneFamily customer and the way your Child Trust Fund is managed won't change. The team, and our contact details, will stay the same.

This particular change is unlikely to affect you, but we have a duty to let you know.

Your Direct Debit might look different on your bank statement

After this change happens, you might notice when you check your bank statement that your OneFamily Direct Debit goes to Family Assurance Friendly Society Limited.

This is still OneFamily. The change in name is because the legal entity is changing (see above).

This might trigger your bank to send you a notification that you have a new Direct Debit set up. If this happens, just check that the details and the amount you're paying are what you expect.

We've added a death benefit

How these changes affect you

Your Direct Debit is going to be collected under a different company name. Your Direct Debit might look slightly different on your bank statement. This is expected and there’s nothing you need to do.
The account will come with a death benefit. If the child named on the CTF dies while their OneFamily Child Trust Fund is open with money in it, we’ll pay out 101% of the account’s value. Again, there’s nothing you need to do, except in the unlikely event that the account holder dies.

What's not changing

No expected changes to investment returns. The investment approach of the new fund is very similar to that of the old one. Therefore, future performance expectations aren't affected by the changes we're making.
No change to charges. We’ll continue to charge the same Annual Management Charge and no platform- or fund-level fees.
The Financial Services Compensation Scheme (FSCS) still applies. The FSCS protections will still apply but if Family Assurance Friendly Society Limited fails, this will now be covered under the insurance section which currently allows for 100% protection. See the FSCS website for more details.
Your online account details and Child Trust Fund reference number haven't changed. You can still log in in the same way and use the same password and reference number when you speak to us.
Your Direct Debit guarantee remains unchanged. This is a protection scheme offered by all banks and building societies in the UK. If we make a mistake with your Direct Debit, we will rectify this and refund you immediately. You can read the Direct Debit guarantee here.

Details of new funds

Current fund	New fund	Fund information link	Underlying investments	ISIN
Family Charities Ethical Trust	OneFamily UK Shares (A)	key Information Document: OneFamily UK Shares (A)	State Street AUT UK Screened Index Equity Fund	GB00B06MWQ97
Santander International Mixed Investments	OneFamily Global Mixed C	Key Information Document: OneFamily International Mixed (Santander CTF)	Santander IMI fund	GB00B06KS659
Legal and General All Share (N) Tracker Trust	OneFamily UK Shares C	key Information Document: OneFamily UK All Share (L&G CTF)	L&G FTSE All Share Tracker	GB00B068LB50
Barclays PROSPER	OneFamily Prosper (Barclays CTF)	Key Information Document: OneFamily Prosper (Barclays CTF)	Barclays PROSPER	N/A
Family Investments Child Trust Fund	OneFamily Global Shares	Key Information Document: OneFamily Global Shares	State Street AUT UK Screened Index Equity Fund	GB00B06MWQ97
			State Street AUT Asia Pacific Ex-Japan Screened Index Equity Fund	GB00B0FR9W00
			State Street AUT North America Screened Index Equity Fund	GB00B0FR9T70
			State Street AUT Japan Screened Index Equity Fund	GB00B0FR9X17
			State Street AUT Europe ex UK Screened Index Equity Fund	GB00B0FR9V92
			(All above are ex. Controversial Weapons and Controversies)

Terms and conditions

The terms and conditions (T&Cs) of your account will change. You can download your new T&Cs using the links below.

What options do I have?

If you’re happy with these changes, you don’t need to do anything.

However, if you’d like to leave OneFamily as a result of these changes, we’re sorry to see you go but respect your decision.

We don’t charge you to transfer to another provider and this won’t affect your child trust fund allowance, as long as you transfer without withdrawing. To start a transfer out, please visit the website of the provider you’d like to move to.

If the account holder has turned 18, they have the option to withdraw their money or transfer it into an adult account, such as a Lifetime ISA or Stocks and Shares ISA. Find out more about Child Trust Fund maturity.

Any questions?

If there’s anything you don’t understand or if you have any questions at all, please just give us a call on 0344 8 920 920 or log into your account to send us a secure message.