Cost of CTF still up for debate

David White, chief executive at The Children’s Mutual , says his company’s calculations are that on a basic £250 government grant coupled with family contributions of £25 per month, a provider will generally only make £5.60 profit after a year, once all the administration costs are covered. Providers CIS and Foreign & Colonial are among those focused on the 1.5% cap, which they say will enable the product to be distributed to a much wider client base. F&C is especially pleased about the proposal to not include the 0.5% stamp duty within the cap. However, the reservations expresse...