Child trust funds (CTFs) have been axed as part of £6.2bn Government cuts.
Debt reduction is "the most urgent issue facing Britain," according to the Con-Lib coalition's Programme for Government, published today.
Joanna Faith assesses the different options for giving financial gifts this Christmas...
The Conservatives will cut back on child trust funds (CTFs) if they win the next election.
Bounty, a for-profit UK parenting club, is to use its access to new mums to encourage parents to invest their Child Trust Fund (CTF) vouchers.
The number child trust fund accounts opened last month was the lowest since the accounts were first offered to parents a little over a year ago, the Building Societies Association (BSA) says.
March saw the lowest take up of Child Trust Funds since their launch a year ago, according to the latest figures from the Building Societies Association (BSA).
One year on from the Child Trust Fund's launch, David White, chief executive of The Children's Mutual, is keen to show advisers, contrary to popular myth, cash is not king in the CTF world.
A little over half of the Child Trust Fund (CTF) vouchers issued by the Inland Revenue since January last year have actually been converted into actual accounts, the latest figures from the Building Societies Association (BSA) reveal.
Britain's high-street banks are planning to radically speed up the time it takes for direct debits and standing orders to be transferred between accounts, after intervention by the Office of Fair Trading, reports the Guardian.