Editorial: Pity the children's assets

clock

Rare it is that a government actually does give away something for nothing, and so has been proven in the case of Child Trust Funds.

A product from which few distributors will make profits and involving money nobody can touch for the best part of two decades – any bets it will be in euros by then? – is accompanied by a statement which says the CTF pot can be used to fund further education as an alternative to shopping for a round-the-world ticket. Assuming consumers have not been priced off airlines by new carbon emissions trading pricing mechanisms by then, it is fairly clear the average 18-year-old would prefer to spend the money on whatever they like rather than whatever the government would like to see it spent on...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Webinar: IHT on pensions from April 2027 – what financial planners need to know

Webinar: IHT on pensions from April 2027 – what financial planners need to know

Sign up to join L&G, Octopus, Quilter and TIME on 24 September

Professional Adviser
clock 05 September 2025 • 1 min read
Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read