'Nearly half' of children must rely on CTF in future, says AITC

Nearly half of all children in future will have to rely on the Child Trust Fund to provide them with a financial head start in life, according to a survey done on behalf of the Association of Investment Trust Companies. It found that 41% of parents and grandparents have saved nothing for their children, and that the majority would like to see personal finance made a compulsory part of the national curriculum in order to encourage better savings in future. Interestingly, the survey found that a greater proportion of children (85%) aged 15 to 19 would like to see personal financ...