Teaching personal responsibility
Child Trust Funds offer every child the chance to understand the value of savings. By removing this support a schools ability of schools to teach personal financial responsibility is undermined if not everyone in the class has a stake in the lesson. This hands on approach works - in June 2009, a national children's My Money Week involved 75% of secondary schools and even 25% of primary schools.
How has the trust fund affected your child? Let us know here.