May 8 2008
A Treasury sub-committee is to meet later this month to assess the progress of child trust funds (CTFs) as a method of helping parents save for their children's future.
Economic secretary to the Treasury Kitty Ussher will be giving evidence at the meeting and discussing issues including how to increase awareness of CTFs among parents across the country.
The government is keen to see people use their trust funds as a way of saving for children and the meeting on May 14th will aim to establish how this process can best be encouraged.
Also on the agenda for Ms Ussher and other relevant experts will be what issues are currently affecting providers of CTF products and how the initiative as a whole should proceed.
Earlier this month, HM Revenues & Customs announced the launch of podcast aimed at giving British parents more information about how CTFs operate.
