Child Trust Fund

TERMS AND CONDITIONS of The Children’s Mutual Baby Bond® Stakeholder Child Trust Fund (CTF) account.

1. Definitions 1.1 In these Terms and Conditions, the following words have the meanings given below (unless the context in which they are used requires otherwise):
The Children’s Mutual is a trading name of the Tunbridge Wells Equitable Marketing Group. The group comprises Tunbridge Wells Equitable Friendly Society Limited and Tunbridge Wells Equitable Investments Company Limited.
Child Trust Fund (CTF) the Child Trust savings and investment scheme established by the government under the Child Trust Funds Act, 2004.
Contribution Year the first contribution year starts on the day the CTF account is opened and ends on the day before the child’s next birthday; each subsequent contribution year starts on the child’s birthday and ends on the day before their next birthday.
CTF Account Manager Tunbridge Wells Equitable Investments Company Limited (TWEICL), trading as The Children’s Mutual. Dealing Day Monday to Friday 9.00a.m. to 5.00p.m. (except for a bank holiday in England and Wales) being a day on which the London Stock Exchange is open for trading and other days at the OEIC Manager’s discretion.
Depositary the appointed caretaker of the fund’s assets.
FSA rules the rules published, from time to time, by the Financial Services Authority (FSA).
OEIC Scottish Widows Managed Investment Funds ICVC is an Investment Company with Variable Capital (ICVC), and is incorporated in Great Britain and are authorised and regulated by
the Financial Services Authority. It is an “umbrella company”, which means it is made up of a number of different funds, each of which has its own investment objective. Another name for an ICVC is an OEIC (Open-Ended Investment Company).
OEIC fund Scottish Widows Balanced Growth Portfolio, which is the sub-fund of the OEIC which we offer for investment for the Baby Bond® Stakeholder CTF account.
OEIC Manager the Authorised Corporate Director (ACD) of the OEIC. This is Scottish Widows Unit Trust Managers Limited. Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire, SP10 1RE. The ACD’s responsibilities include the day-to-day operation of the OEIC, such as managing its investments, buying and selling shares and pricing the shares.
The Registered Contact the person who is authorised to control the Baby Bond® and give instructions as to how the money is to be invested.
The Regulations The Child Trust Funds Regulations 2004.
Stakeholder CTF account a CTF account which meets the government’s requirements for a Stakeholder CTF account. A child may not have both a Stakeholder CTF account and a Non-Stakeholder CTF account at the same time.
Valuation Point the price of shares is calculated at 8am on each Dealing Day, or such other time of day as the OEIC Manager may decide; this is the valuation point. Once the Baby Bond® is open, the price that will be used for any purchase or encashment of shares for the Baby Bond® is the price calculated at the next valuation point after the Dealing Day on which the CTF Account Manager receives the instruction and all required paperwork. The address to which all instructions must be sent is Lloyds TSB at The Children’s Mutual, PO Box 2067, Gloucester, GL4 3YU; telephone 0845 601 0021.
Void account a Baby Bond® account which breaches (does not satisfy) the Regulations, and which the Inland Revenue instructs the CTF Account Manager to cancel.
The voucher the Inland Revenue will issue a voucher automatically to the person who is entitled to receive Child Benefit for the child.
We The Children’s Mutual
You depending on the context, either a person who has received a voucher to open a CTF account for a child, or the Registered Contact. In respect of money paid into the Baby Bond®, the term “you” also includes any person who makes such payment(s).

2. The CTF Account Manager
2.1 The CTF Account Manager is Tunbridge Wells Equitable Investments Company Limited (TWEICL), Abbey Court, St. John’s Road, Tunbridge Wells, Kent TN4 9TE, which is an approved CTF account manager under the Child Trust Funds Regulations 2004. TWEICL is a wholly owned subsidiary of Tunbridge Wells Equitable Friendly Society Limited. It is authorised and regulated by the Financial Services Authority and a member of the Financial Ombudsman Service.
2.2 The Depositary is State Street Trustees Limited.
2.3 These Terms and Conditions explain how TWEICL conducts its CTF account business in accordance with the Regulations.
2.4 In selecting which OEIC fund to offer as the underlying investment vehicle for Baby Bond®, TWEICL took into account the social, ethical and environmental implications of the general type and mix of equities usually selected by the OEIC Manager, as well as their potential for producing capital growth.
2.5 If, at any time, TWEICL ceases to be authorised as a CTF account manager, it will give the Registered Contact at least one calendar month’s notice of this in writing. The Registered Contact will then need to transfer the CTF account to another CTF account manager, as described in Condition 16 below (“Transfer to another CTF account manager”).

3. Stakeholder CTF accounts
3.1 The Baby Bond® offered by the CTF Account Manager satisfies all the g o v e rn m e n t ’s requirements for Stakeholder CTF accounts, as set out in the Regulations. See “What is a CTF account?” in the Key Features section above for the main characteristics of a Stakeholder CTF account.
3.2 We will endeavour to ensure that Baby Bond® continues to satisfy the Regulations, but this cannot be guaranteed. In the event that it should cease to do so, we will notify the Registered Contact of this at the earliest opportunity. The Registered Contact may then either switch the account to a Non-Stakeholder CTF account (see Condition 14 below – “Transfer to a Non-Stakeholder CTF account”),or transfer it to another authorised CTF account manager that does offer a Stakeholder CTF account.

4. Starting a Baby Bond® Stakeholder CTF account
4.1 The person who receives the voucher must apply to start a Baby Bond® by (1) submitting the voucher to us, and (2) completing an application. For information about when the Baby Bond® will start see “How are the payments invested” and “Can I change my mind, and can anyone paying in to the Baby Bond® change their mind?” in the Key Features section above.
4.2 Either this person, or somebody else with parental responsibility for the child, must become the Registered Contact (see Condition 5 “The Registered Contact “ below).
4.3 We will also start a Baby Bond® for a child if we are instructed to do so by the Inland Revenue.

5. The Registered Contact
5.1 Only one person may be the Registered Contact at any time.
5.2 Until the child’s 16th birthday, the Registered Contact must be a person who has parental responsibility for the child; this will normally be a parent or guardian of the child.
5.3 At any time before the child’s 16th birthday the current Registered Contact may give up their position and, subject to their agreement, another person who has parental responsibility for the child may become the Registered Contact in their place. Both the new Registered Contact and (other than in exceptional circumstances – for example on death) the current Registered Contact must complete the form and declaration we provide.
5.4 The child can become the Registered Contact on their 16th birthday.

6. Ownership
6.1 The Baby Bond® belongs to the child as beneficial owner. Beneficial ownership may not be transferred to any other person or organisation.
6.2 All OEIC fund shares and other investments bought for the Baby Bond® are registered in the name of the CTF Account Manager, who also holds all share certificates and other title documents. Beneficial ownership of the investments may not be transferred to any other person or organisation, other than the CTF Account Manager.
6.3 The child’s interest in any OEIC fund shares or other investments held for the Baby Bond® may only be disposed of through the CTF Account Manager.
6.4 Neither the Baby Bond®, nor any investment held for it, may be used as security for a loan.
6.5 The CTF Account Manager cannot lend the Baby Bond® or any OEIC fund shares or other investments held for it to anyone else, or borrow against the security of any investments or their title documents.

7. Payments exceeding the voluntary contribution limit
7.1 If any payment we receive or are due to request by Direct Debit would, when added to the amounts already paid in during the contribution year, be more than the £1,200 contribution limit allowed, we will:
• if the payment is due to be collected by Direct Debit, reduce the request to such amount as, when paid in to the Baby Bond®, will not exceed the contribution limit. We will then make no further collections under any Direct Debit instruction during the contribution year;
• if the payment is made by Standing Order or Direct Credit, retain as much of it as, when added to the amounts referred to above, equals the contribution limit, and return the balance of the payment to the payer’s bank or building society;
• if the payment is made by cheque, return the cheque (uncashed) to the payer or, if we cannot identify the payer, to the Registered Contact.

8. Lifestyling
8.1 Lifestyling means switching the Baby Bond® investments from higher risk to lower risk assets over a period of time. We do this in order to limit the chance of the account losing value as the child’s 18th birthday approaches.
8.2 Unless the Registered Contact has told us otherwise, we will start the lifestyling process on the valuation point on the child’s 13th birthday, or on the next valuation point after that if the birthday is not a working day. On that date, we will cash-in the number of OEIC fund shares the value of which equals 20% of the then total current value of the Baby Bond®, and use the cash-in value to invest in whatever lower risk assets are available to us for Stakeholder CTF account investment at that time. It is likely that such assets will be mainly government bonds (gilts), fixed interest money market instruments and cash deposits. These assets will be managed by the OEIC Manager.
8.3 On the equivalent date in each of the four years after that, unless the Registered Contact has told us otherwise, we will cash-in a further number of OEIC fund shares and use the cash-in value to invest in lower risk assets of the type described in Condition 8.2 above. The number of OEIC fund shares cashed-in shall be such that the total proportion of the Baby Bond® which is invested in lower risk assets after this action is completed shall be:
(1) if such action has been performed in respect of, or at any time after, the child’s preceding birthday, 20 percentage points greater than the proportion so invested immediately after such action was then performed, or
(2) in any other circumstance, that proportion of the Baby Bond® that would then be invested in such assets if such action had been performed in respect of each of the child’s preceding birthdays on and after the 13th.
8.4 During the period that lifestyling is in progress, we will invest all new payments into the Baby Bond® partly in OEIC fund shares, and partly in lower risk assets (as described in Condition 8.2 above), in the same proportion as applies to the existing investments held for the Baby Bond®
at the start of the contribution year in which the new payments are received. For example, provided lifestyling had taken place on, or in respect of, the child’s 13th and 14th birthdays, then during the contribution year starting on the child’s 15th birthday, we will invest 40% of all new payments in OEIC fund shares, and 60% in lower risk assets.
8.5 Unless the Registered Contact has told us otherwise, we will cash-in the total remaining OEIC fund shares on the valuation point on the child’s 17th birthday, or on the next valuation point after that, if the birthday is not a working day, and use the cash-in value to invest in lower risk assets of the type described in Condition 8.2 above.
8.6 If the actions described in either of Conditions 8.2 or 8.3 above have not been performed in respect of any of the child’s relevant preceding birthdays, the Registered Contact can tell us at any subsequent time to start or restart the lifestyling process. On the next valuation point after we receive their instruction to do this we will cash-in a number of OEIC fund shares and use the cash-in value to invest in lower risk assets of the type described in Condition 8.2 above. The number of OEIC fund shares cashed-in shall be such that the total proportion of the Baby Bond® which is invested in lower risk assets after this action is completed shall be that which would then be invested in such assets if such action had been performed in respect of each of the child’s preceding birthdays on and after the 13th.

9. Tax matters
9.1 The CTF Account Manager will make all necessary claims forrepayment of income and capital gains taxes arising on income or gains generated by the OEIC fund shares and any other investments held for the Baby Bond®.
9.2 Please see Condition 13 “Void CTF accounts” for the tax implications if the Baby Bond® should be made void.
9.3 All information about tax in these Terms & Conditions, and in the Key Features section above, is based on our understanding of actual and proposed tax rules relating to CTF accounts, Open Ended Investment Companies and other relevant investments as at December 2004. These rules may change in future.

10. Fund management charges and expenses
10.1 There is no difference between the costs of buying and selling shares in the OEIC fund. This means that the expenses incurred in dealing shares are met by the OEIC fund, which could affect its total value.
10.2 The OEIC Manager may, in certain circumstances that are detailed in the relevant prospectus, apply a dilution adjustment in order to protect continuing shareholders in the OEIC fund.
10.3 In certain circumstances, the OEIC Manager may be required to pay Stamp Duty Reserve Tax (SDRT) on share dealings. The OEIC Manager will meet the cost of SDRT directly from the OEIC fund, which could affect its total value.

11. Prospectus, reports, meetings and voting rights
11.1 The Registered Contact may ask us to arrange for them (or the child) to receive a copy of the relevant prospectus issued by the OEIC Manager in respect of the OEIC fund. We will not charge for providing this.
11.2 The Registered Contact may ask us to arrange for them (or the child) to receive copies of any yearly or periodic reports and accounts issued by the OEIC Manager in respect of the OEIC fund. We may make a reasonable charge for providing this service. Neither the Registered Contact, any person paying into the Baby Bond®, nor the child, will receive any such reports and accounts automatically.
11.3 The Registered Contact may ask us to arrange for them to attend any meeting of shareholders in the OEIC fund, but they will not be able to exercise any voting rights. We may make a reasonable charge for providing this service.
11.4 The CTF Account Manager will not exercise any voting rights on behalf of the Registered Contact.

12. Liability
12.1 We are liable for any act of negligence or knowing default, or omission, on the part of the CTF Account Manager, whether or not it gives rise to a breach of the FSA rules, the Regulations, or these Terms & Conditions (or any of them).
12.2 Neither we, nor the CTF Account Manager, are liable for any loss the child may suffer due to a fall in the value of any OEIC fund shares or other investments held for the Baby Bond®, or a delay in clearing any payment made by any person or (in respect of a transfer) by another CTF account manager.
12.3 Neither we, nor the CTF Account Manager, accept any responsibility for the Baby Bond® (or for a CTF account transferred from another CTF account manager) until all relevant cleared funds
have been received by the CTF Account Manager. Regardless of the method of payment, if cleared funds are not received within 7 days of accepting instructions from a payer, the CTF Account Manager will be entitled to cancel any transaction for the purchase of investments for the Baby Bond®.
12.4 The Registered Contact agrees to indemnify us, or the CTF Account Manager (as appropriate), against any liability we or it may incur in connection with the Baby Bond®, other than any liability as described in 12.1 above.

13. Void CTF accounts
13.1 The CTF Account Manager will void the Baby Bond® CTF account if it is told to do so by the Inland Revenue.
13.2 If the CTF Account Manager has to void the Baby Bond®, it will notify the Registered Contact of this as soon as possible and cash in the OEIC fund shares at the price applicable on the first valuation point after the Dealing Day it receives the Inland Revenue’s instructions. If voiding should happen during the period that lifestyling is in progress, the CTF Account Manager will realise any other investments held for the Baby Bond® at the same time. As far as is reasonably possible, it will pay the resulting amounts, less any amount it may reasonably deduct to cover the cost to it of voiding the Baby Bond® (including any tax liability), to the person or persons who had made the payments to the Baby Bond®. If the identity of any payer cannot be established, the money will be repaid to the child, care of the Registered Contact. Repayment in respect of the government contribution will be made to the Inland Revenue.
13.3 If the CTF account is made void, then any income or growth earned by the money paid in to it before it was made void will be subject to income tax or capital gains tax (or both). Any such tax due will be payable by the person who made the payment into the account. If the identity of any payer cannot be established, any tax due will be payable by the child (to the extent that any relevant personal allowance(s) are exceeded) and must be accounted for to the Inland Revenue by the Registered Contact on their behalf.

14. Transfer to a Non-Stakeholder CTF account
14.1 At any time the Registered Contact can instruct the CTF Account Manager to transfer the Baby Bond® Stakeholder CTF account to a Non-Stakeholder CTF account offered by us or another CTF account manager. The CTF Account Manager will wait 14 days from receipt of the instruction before making the transfer, during which period the Registered Contact will have the right to change their mind.
14.2 The CTF Account Manager will cash-in the OEIC fund shares on the next valuation point after expiry of the period of 14 days described in Condition 14.1 above. If the transfer should happen during the period that lifestyling is in progress, the CTF Account Manager will also realise any other investments held for the Baby Bond® at the same time.
14.3 If the transfer is to a Non-Stakeholder CTF account provided by us, the CTF Account Manager will immediately use the cash-in value of the Open Ended Investment Company fund shares, and the realized value of any other investments, to purchase shares in such other OEIC
fund or funds, and/or other relevant investments (if the transfer happens during the period that lifestyling is in progress), as instructed by the Registered Contact.
14.4 If the transfer is to a Non-Stakeholder CTF account provided by another CTF account manager, the CTF Account Manager will take the action described in Condition 16.3 below.

15. Transfer from another CTF account manager
15.1 At any time the CTF Account Manager will accept a transfer from another authorised CTF account manager of an amount equal to the value of a CTF account held with that CTF account manager.
15.2 The CTF Account Manager will only accept transfers from another CTF account manager in the form of cash.
15.3 The Registered Contact must complete the transfer application form we provide. The CTF Account Manager will wait 14 days from receipt of this form before applying to the existing CTF account manager to transfer the value of the CTF account, during which period the Registered Contact will have the right to change their mind.
15.4 The CTF Account Manager does not make a charge for accepting a transfer from another CTF account manager.

16. Transfer to another CTF account manager
16.1 At any time the Registered Contact can ask the CTF Account Manager to transfer to another authorised CTF account manager which has agreed to accept the transfer, an amount equal to the then total current value of the Baby Bond®.
16.2 The CTF Account Manager will only make transfers to another CTF account manager in the form of cash.
16.3 In order to make the transfer the CTF Account Manager will cash-in all OEIC fund shares at the price on the first valuation point after the Dealing Day on which either (1) it receives the instruction to transfer or (2) all payments into the Baby Bond® (other than government contributions) have been cleared, whichever is the later, or, if the Registered Contact instructs transfer by a later date, the last valuation point before that date. If the transfer should happen during the period that lifestyling is in progress, the CTF Account Manager will realise any other investments held for the Baby Bond® at the same time. The CTF Account Manager will pay the total resulting amount to the new CTF account manager.

17. Withdrawals
17.1 Except as explained in Conditions 17.4 and 17.6 below, nobody may make any withdrawals from the Baby Bond® before the child has reached age 18. On their 18th birthday, the child may withdraw the total value of their Baby Bond®. They will have no tax to pay on the amount withdrawn. Any amount not withdrawn may be reinvested in any suitable product (other than a CTF account) then offered by us, or by any other provider, but future income and growth may not be tax-free.
17.2 On withdrawal the CTF Account Manager will realise all investments held for the Baby Bond® at that time, and pay the resulting amount to the child. If any OEIC fund shares are still held for the Baby Bond®, the CTF Account Manager will cash-in such shares at the price applicable on the valuation point on the child’s 18th birthday, or on the next valuation point after that if the birthday is not a working day. We will make payment by cheque drawn in the child’s
favour, or by direct credit to a UK bank account in their name. We may request production of evidence of their identity as required by appropriate anti-money laundering regulations.
17.3 If any money is not withdrawn by the child on their 18th birthday, we will close their Baby Bond® and realise all investments held for it at that time as described in Condition 17.2 above. We will place the cash-in value of the Baby Bond® in an interest bearing client money account in our name with an appropriate institution authorised under money after then will be taxable. Tax must be accounted for by the child to the Inland Revenue.
17.4 Should the child become terminally ill at any time before their 18th birthday, withdrawals from the Baby Bond® by a person withparental responsibility for the child (or by the child themself if aged 16 or over) may be permitted by the Inland Revenue. Application for permission to make such withdrawals must be made directly to the Inland Revenue by the Registered Contact. For this purpose, “terminally ill” means that the child suffers from a progressive disease of which they can reasonably be expected to survive for no longer than 6 months.
17.5 Upon receiving permission from the Inland Revenue, the CTF Account Manager will allow the withdrawal of any amount, or series of amounts, requested on behalf of the child (or by the child if aged 16 or over). In order to effect each withdrawal the CTF Account Manager will cash-in such number of OEIC fund shares as is necessary, at the price on the first valuation point after either (1) it receives the instruction to withdraw or (2) all payments into the Baby Bond® (other than government contributions) have been cleared, whichever is the later, or, if the Registered Contact instructs withdrawal by a later date, the last valuation point before that date, to produce the requested withdrawal amount. If the withdrawal should happen during the period that lifestyling is in progress, the CTF Account Manager will, if necessary, also realise at the same time such other investments held for the Baby Bond® as is re q u i red to produce the requested withdrawal amount. The CTF Account Manager will pay the total resulting amount to the Registe red Contact (or to the child themself if aged 16 or over). The CTF Account Manager will maintain the Baby Bond® in force until the child’s 18th birthday, regardless of its residual value after the withdrawal(s) have been made. New payments may continue to be made into the Baby Bond®, subject to the limits shown in the Key Features section above, under “How much can be paid in to a Baby Bond®?”
17.6 The CTF Account Manager may make withdrawals from the CTF account in respect of its charges. See “What are the charges?” in the Key Features section above.

18. Death of the child
18.1 If the child should die before they reach age 18, the Baby Bond® will end. The value of the account as at the date of death will pass to the child’s estate and form part of that estate for inheritance tax (IHT) purposes.
18.2 Before the CTF Account Manager can pay out the value of the Baby Bond® to the child’s personal representative(s), they will have to provide (at their own expense) documentary evidence of the child’s death and of their entitlement to claim payment. The original Registrar’s
copy Death Certificate will normally be sufficient, unless the child was old enough to make a will and had done so, when a copy of the will (or Grant of Probate) will also normally be required.
18.3 The CTF Account Manager will cash-in all OEIC fund shares held for the Baby Bond® at the price applicable on the first valuation point after receiving evidence of the child’s death. If death should happen during the period that lifestyling is in progress, the CTF Account Manager will realise any other investments held for the Baby Bond® at the same time. The CTF Account Manager will pay the resulting amount into an interest bearing account with an appropriate institution authorised under the Financial Services and Markets Act 2000. It will pay the amount due to the child’s personal representative(s) when it has received the documentary evidence re f e r red to in Condition 18.2 above.
18.4 All growth in the value of the investments held for the Baby Bond® up to and including the date of the child’s death will be free from tax. Any income or growth arising after the date of the child’s death, but before the CTF Account Manager can pay out the value of the Baby Bond® to the child’s personal representative(s), will be subject to tax. The CTF Account Manager will deduct such tax from the amount it pays them and account for it to the Inland Revenue.

19. Schemes of arrangement
19.1 If shares within the OEIC fund held for the Baby Bond® are subject to a scheme of arrangement, the holding will continue into the successor OEIC unless the CTF Account Manager does not offer the successor OEIC for Baby Bond® Stakeholder CTF account investment.
In this event the CTF Account Manager will require the Registered Contact to switch the holding to another OEIC or other collective investment scheme that it does offer for Baby Bond® Stakeholder CTF account investment, or to transfer the value of the Baby Bond® to another authorised CTF account manager.

20. Data Protection
20.1 The Data Protection Act 1998 regulates the way that data which has been collected from anyone can be used, and requires that their consent be obtained before their personal data can be used. The Registered Contact gives this consent in respect of both themselves and the child by making the declaration in the application. Consent covers members of the Tunbridge Wells Equitable Marketing Group and of therelevant Lloyds TSB group companies, their respective associates, agents and administrators.
20.2 We use personal data solely for the purposes of
(a) setting up and administering any investments with us, or with any member of the Tunbridge Wells Equitable Marketing Group, and
(b) business analysis, and
(c) the prevention or investigation of fraud or crime, and
(d) (subject to the consent of Lloyds TSB) providing you or the child with details of other products and services we can offer or promote (unless you have indicated that you do not wish to receive such material), and
(e) providing Lloyds TSB with relevant information about the Baby Bond®, the child in whose name it is held, and the Registered Contact.

21. Rights of third parties
21.1 Neither the Registered Contact, nor any person making payments into the Baby Bond® for, or on behalf of, the child, will obtain any rights under the Contracts (Rights of Third Parties) Act, 1999 to the Baby Bond® or to any of the investments held for it.

22. Changing these Conditions
22.1 Subject to the FSA rules and the Regulations, and to giving the Registered Contact written notice at least 30 days beforehand, the CTF Account Manager has the right to change, or add to, these Terms & Conditions at any time.
22.2 The purpose of any change will be to:
(a) make the Terms & Conditions fairer, or easier to understand, or
(b) correct any mistake or omission, or
(c) give effect to any change to the FSA rules or the Regulations (or both), or
(d) reflect new practices or developments, or
(e) reflect operational changes, or for any other valid reason.

Data protection and the use of personal information
*The Lloyds TSB group includes all companies with the Lloyds TSB name, Cheltenham & Gloucester plc and Scottish Widows plc, and their associated companies. By making the declaration in the application, the Registered Contact gives consent, for themself and on behalf of the child, for The Children’s Mutual, Lloyds TSB Bank plc and Lloyds TSB Scotland plc to hold their and the child’s personal details in order to provide and administer the Baby Bond®. Consent includes agreement that personal details about the Registered Contact and the child which they, or The Children’s Mutual, provide during the currency of the Baby Bond®, to Lloyds TSB may be kept by Lloyds TSB Bank plc or Lloyds TSB Scotland plc in a Lloyds TSB database. Such details will include information contained in the application form and/or given during any financial reviews or interviews, or analysis of transactions carried out by Lloyds TSB, and what is known to Lloyds TSB from operating accounts (if any) in that person’s name. Companies in the Lloyds TSB group may use and update this centrally held information to provide that person with services, to identify products and services which might be suitable for them, to assess lending and insurance risks, to recover debts, to prevent and detect fraud, and to update their own records about that person. Lloyds TSB may also use such information for research and statistical analysis in order to improve the services it offers. Any such use by Lloyds TSB of information provided to it by The Children’s Mutual is undertaken with the consent of The Children’s Mutual. A copy of the personal information about a person (other than information relating to the Baby Bond®) held by Lloyds TSB Bank plc or Lloyds TSB Scotland plc, in accordance with the Data Protection Act 1998, may be requested by that person by contacting their Lloyds TSB branch. The fee for this is currently £10. A copy of the information in respect of that person relating to the Baby Bond® which is held by The Children’s Mutual may be requested directly from The Children’s Mutual, which does not currently impose a charge for this service. Personal information is confidential and will only be disclosed outside the Lloyds TSB group or The Children’s Mutual
• with the consent of the person it relates to, or
• to agents and others in connection with running accounts and services for that person, or
• to investigate or prevent crime, or
• if the law or regulation requires it, even without consent, or
• if there is a duty to the public to reveal the information.
To confirm the child’s identity when they reach age 18, The Children’s Mutual may make searches at credit reference agencies, and/or of electoral register information.

Baby Bond® is a registered trade mark of Tunbridge Wells Equitable Friendly Society.
The Children’s Mutual, PO Box 2067, Gloucester GL4 3YU. Tel: 0845 077 1899 Email: ctf@thechildrensmutual.co.uk Website: www.thechildrensmutual.co.uk
The Children’s Mutual is a trading name of the Tunbridge Wells Equitable Marketing Group, which comprises: Tunbridge Wells Equitable Friendly Society Limited, incorporated in the United Kingdom under the Friendly Societies Act 1992, registered no. 190F, FSA registered no.109990; and Tunbridge Wells Equitable Investments Company Limited, registered in England under the Companies Act 1985, registered no.4315370, FSA registered no. 208027. Both are authorised and regulated by the Financial Services Authority and are members of the Financial Ombudsman Service. Registered Office: Abbey Court, St John’s Road, Tunbridge Wells, Kent TN4 9TE.
Tunbridge Wells Equitable Friendly Society Limited was established in 1881.