A third of CTF vouchers still unused

In numbers terms, it means 1.65m accounts have been opened as of 20 May, against 2.49m vouchers issued. Of the vouchers issued for children born between 1 September 2002 and 6 April 2005, when the CTF was officially “launched”, some 75% have now been used to open accounts, the government says. It admits, through economic secretary to the Treasury Ed Balls, there is “more work to do to reach new parents and to encourage the active involvement of those parents whose child has an account”. “We will be doing further promotional work over the summer and autumn in the run up to the launch of t...