The government has launched a consultation on allowing the transfer of existing savings from Child Trust Fund (CTF) accounts into Junior ISAs (JISAs).
The Chancellor is expected to offer a lifeline to six million children by allowing savings in child trust funds (CTFs) to be switched into Junior ISAs (JISAs).
F&C has launched a Junior ISA, giving access to its range of investment trusts for the 2012-2013 tax year.
The government has held firm in its refusal to bow to pressure to give almost six million children access to junior individual savings accounts (ISA).
Legal & General (L&G) has launched a stocks and shares Junior ISA which provides three investment options to contributing family and friends.
Children could miss out on more than £300m in returns on savings over the next decade because of government rules preventing transfers from child trust funds (CTF) into Junior Isas, according to new research.