Parents Sceptical About Child Trust Funds
Research by Barclays shows mixed feelings about 'baby bonds'
17th November 2004
A new survey has shown that parents have mixed feelings towards Child Trust Funds, the forthcoming government program to encourage savings for children. There was a reasonable level of awareness of the scheme, according to results published by Barclays, but not all held positive views.
Those on lower incomes, who will get a voucher worth up to £5000 to invest, were the most enthusiastic, while higher earners will only receive half that sum and are less impressed.
Concerns were also raised about the lack of restraints on what the investment can be spent on after it matures, and that the initial investment won't be worth much after the effects of 18 years of inflation.
Read More: Money Guardian
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