A letter sent in error by Bradford & Bingley has thrown thousands of parents into confusion over windfalls for their children.
For the past few months B & B has implied that its 200 000 young savers will receive windfall shares when it is floated on the stock market later this year.
But a letter saying trustee account-holders do not qualify for windfalls unless the child is incapacitated was sent in the past week to many of B & B's three million members.
This weekend, Bradford & Bingley said that though the letter had gone out to three million members, it was targeted at carers. 'This letter is aimed at members who operate savings accounts on behalf of people they care for,' it said.
Members should not read into it that children who have savings accounts set up on a trustee basis will necessarily be excluded from shares.