Oct 10 2007
The Tax Incentivised Savings Association (Tisa) has made clear its commitment to improving the child trust fund (CTF) initiative, which it suggests is already helping thousands of British families to provide for the children's futures.
Despite chancellor Alistair Darling's failure to include some of the reforms to the CTF system recommended by Tisa in his recent pre-budget report, the association is confident that the successes achieved so far through CTFs will continue.
A statement from Tisa explained that it "remains confident that as a result of ongoing and constructive dialogue with government, all stakeholders can work in collaboration to refine what is already a very successful initiative".
"The result could be a step change in financial education and savings for families, children and young adults in the UK."
Meanwhile, Tisa welcomed Mr Darling's plans to extend the Savings Gateway scheme, which aims to encourage a spirit of saving among UK consumers.
Last month, the government revealed its intention to make learning about how CTFs operate part of the national curriculum in schools around the country.
