Govt: No benefit in giving CTF holders access to Junior ISAs

Following the abolition of child trust funds (CTF) at the beginning of 2011, the government last year introduced the junior ISAs as the latest attempt to encourage saving from a young age. However, children born between 2002 and 2011, have been denied access to the Junior ISAs, instead having to continue contributing to their CTF. In a written question, Liberal Democrat MP Dan Rogerson asked the Treasury to consider allowing these children to be able to open a Junior ISA, perhaps by sealing their CTF until their 18th birthday. However, financial secretary Mark Hoban echoed previous...