Virgin Money says 'avoid stakeholder route' on Baby Bonds

Professional Adviser
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Virgin Money is calling on the government to present further proposals for Child Trust Funds announc...

Virgin Money is calling on the government to present further proposals for Child Trust Funds announced 18 months ago, otherwise known as 'baby bonds'. Since Chancellor Gordon Brown first revealed in April 2001 his intentions to give all children a savings plan at the start of their lives, the Treasury has produced just one consultation explaining how plans might work. Baby Bonds are expected to be mentioned in Brown's pre-Budget speech on Wednesday, however there are no details yet as to where the additional £338m to go into Child Trust funds will come from, and how it will be div...

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