Save Child Savings North of the Border
From America to Brazil to Iran and now to Scotland, people are speaking out to promote child savings
http://business.scotsman.com/business/Neil-Lovatt-How-not-to.6435759.jp
Neil Lovatt of Scottish Friendly writes in the Scotsman that getting rid of the Child Trust Fund is exactly “How not to encourage the saving ethos in the young”.
The piece argues that: “Retaining the Child Trust is a wonderful way of ensuring that a simple, universal and accessible child savings product is available as a right to the population at large. Without the Child Trust Fund we will revert to the previous situation where child saving and investments were confined to a niche of the wealthy and well advised (it's possible to recreate many of the benefits of a Child Trust Fund using some tax and trust planning but they are accessible only to the chattering classes and some utopian dreamers). At a time when we are seeing, throughout the world, the results of populations failing to make adequate self provision for the future, this is not the time to slam the door shut to one of the most successful financial products the UK has ever known.”
Neil concludes rightly that there is no good reason why we can’t easily save the Child Trust Fund, and that this is one of those things for which it is worth campaigning for. If you agree, we want to hear from as many people from as many places as possible, please join us here:
http://www.savechildsavings.org/fairness
