Sep 4 2008
Despite welcoming the government's recently announced assistance for the housing market, The Children's Mutual has said it should not distract parents from the importance of saving for children.
Among the package of measures announced by the Labour administration was a year-long stamp duty holiday on properties being sold for less than £175,000.
Commenting on the developments, David White, chief executive of The Children's Mutual, said: "The time limit on these measures highlights that they are a short-term solution and should not distract us from the longer term solution of saving."
He added that parents can benefit from placing a regular amount into Child Trust Funds (CTFs), suggesting that this can provide children with a "tangible asset" for their future.
Earlier this week, The Children's Mutual suggested that, six years since the savings scheme was introduced by the Labour administration, more than 3.5 million children in the UK now have CTFs.
