Parents can't be left alone with Child Trust Funds

We need CTFs to succeed to extend opportunities and create a generation of more financially aware consumers

The introduction of the Child Trust Fund (CTF) has passed without any of the difficulties experienced when the Working Families Tax Credit was replaced by the Working Tax Credit and Child Tax Credit. Congratulations are therefore due to the Inland Revenue, which has presided over a relatively smooth implementation of the funds. However, thoughts now turn to what a successful CTF should look like. Indeed, how will we know if the CTF has been a success? What are the benchmarks against which we should measure success? And what action should be taken if the CTF is found to be failing any of t...