Providers to discuss development of Child Trusts

Professional Adviser
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Government officials will discuss plans for Child Trust or 'Baby Bonds' with banks, building societi...

Government officials will discuss plans for Child Trust or 'Baby Bonds' with banks, building societies and friendly societies over the coming months, to give ever child a savings fund accessible from the age of 18. After looking at the open market option and restricted provider licenses, the government has decided to allow the open market competition, despite it complexity. "Open market competition is a good thing," says JPMorgan Fleming's Mark campbell. Consultation will now be held with potential providers and trade bodies on the detailed implementation of the Child Trust F...

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