The Child Trust Fund is soon upon us, and it will be a success according to research by Virgin into ...
The Child Trust Fund is soon upon us, and it will be a success according to research by Virgin into potential demand for the new product. Nine in 10 parents surveyed said they would consider topping up their children's funds, compared to just 53% who said they already saved regularly for their children's futures. The average sum parents say they will add is £38 per month, which Virgin says means a £1bn market is about to be created, with government funding of about £750m and parental contributions of about £280m. Based on the £38 additional contribution, and a product w...
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