Just four in ten parents say they are likely to invest Child Trust Funds (CTF) in a deposit-based account for their children, research indicates.
GORDON BROWN'S plan to give every child in the UK a savings pot suffered a serious setback yesterday, argues the Times , as Fidelity Investments has now pulled out of plans to offer these products.
Financial services firms are already predicting children may not see the full benefit of child trust funds as research suggests three quarters of parents have never heard of them.
Figures from the Children's Mutual suggest providers and industry associations may have jumped the gun in celebrating the government's proposed 1.5% price cap in the new product rules.