Saving and Investing for Children - UK - April 2015
“Due to the initial government incentivisation Child Trust Fund ownership levels have remained considerably above those for Junior ISAs. However, as of April 2015 CTF owners have the option to switch their accounts to JISAs. As the JISA market is far more competitive than the now-stagnant CTF market, this is a significant opportunity for providers and consumers, yet awareness of and interest in JISAs remains low. Providers would do well to improve this so as to maximise this opportunity for themselves and children’s savers.”
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