Oct 25 2007
The Tax Incentivised Savings Association (Tisa) has welcomed the Treasury's recent announcement of plans to encourage further engagement with child trust fund (CTF) schemes around the UK.
As part of the plan, reminder letters are to be sent out to parents who do not open a CTF and various community groups are to offer advice on how best to use the funds, which are both measures championed by Tisa.
CTFs have already been successful in helping parents to give their children a solid start to their financial lives and Tisa is convinced that the newly announcement proposals will broaden their appeal still further.
Tisa's chairman John Brasington said: "Tisa as the industry voice for CTF, is delighted by the government's announcement today.
"Their commitment to making CTF a success is demonstrated by these measures and the constructive dialogue with industry which continues nearly every day."
Service providers Nationwide and the Children's Mutual also welcomed the Treasury's CTF plans when they were announced recently.
