Back to the drawing board

With the shadow Chancellor proposing means testing on CTFs and the present Government giving little backing to investment trust saving schemes for children, what does the future hold for a child's future?

In a distinctly un-conservative fashion, the shadow Chancellor George Osborne has signalled his party’s intent to means test recipients of the Child Trust Fund should it be elected next May.  Osborne plans to curb CTF tax-funded payments, limiting them to the poorest third of families and those with disabled children. This will effectively do away with any reason or point in marketing equity-based CTFs. At present, only about 10% of all CTFs find their way directly into stock market funds. These tend to be opened on behalf of children outside of Osborne’s proposed recipients. Averages ...