Education, education, education

There is a need to educate families on finance so that people get as much as they can out of their child trust funds, and have a lifelong involvement with the financial services industry

It is too early to give an overall assessment of child trust funds (CTFs). The answers we know are the trivial ones, but we may not know the answers to the big questions for up to 68 years. It takes a lifetime or longer to create a death-defying brand. Why should a major shift in the habits of generations take any less? Success will depend upon the Government's and the industry's durability. Everyone in financial services has a vested interest in the achievement of the long-term goals: l to help people understand the benefits of saving and investing, l to encourage parents and their chil...