Major platforms to miss JISA roll-out

The new form of savings will replace Child Trust Funds (CTFs) from the beginning of next month, with HMRC estimating six million children will be immediately eligible for them and a further 800,000 per year after that. However, of the major platforms, only Fidelity Fundsnetwork and Transact will be prepared for the launch, while Cofunds said it will follow suit a week later. Niche provider Avalon will also be ready for the 1 November launch and founder Harry Kerr explained why he believed some of the bigger players were unable to do the same. He said: “The fact the rules didn’t com...