Child trusts expected to benefit IFAs

The Government proposals to provide children with a trust fund at birth could be worth up to £300m a year, according to e-commerce services company, My Money Adviser. The group is predicting that intermediaries will benefit as parents will have to decide which financial products are the best for their children. The Government has also suggested a child trust fund scheme in which every child born receives up to £800. The consultation paper has proposed a match-contribution scheme, potentially offering £1 from the Government for every £1 contributed by parents up to £600 per year. S...