You have until the expiry date shown on the voucher to open an account - after that HM Revenue & Customs (HMRC) will open a stakeholder account for your child with one of the following providers:
Abbey
Children’s Mutual
engage Mutual Assurance
Family Investments
Foresters
Halifax Financial Services
Healthy Investment
Kingston Unity Friendly Society
NatWest
Nottingham Oddfellows Assurance Friendly Society Ltd
Pilling & Co
Royal Bank of Scotland
Scottish Friendly Asset Managers
Tesco Personal Finance
The Share Centre
Ulster Bank Limited
When opening an account, HMRC will work down this list of providers in strict rotation.
You should apply to the provider to become the registered contact.
For more information about the registered contact use this link
Then, if you want to, you can change the type of account or move the account to another provider. There's no charge for doing this, but where it is necessary to buy or sell investments to transfer the account, there may be a charge for the costs involved. The new provider will notify HMRC about the change so that your child's records are kept up-to-date
