Commentator: Martin Shaw, CEO for the Association of Financial Mutuals
Commentator: Martin Shaw, CEO for the Association of Financial Mutuals
Availability: Now
Input available: Confirmation that the Junior ISA will be launched in November is a welcome development as the need to build up a nest egg for milestones such as student fees or a house deposit is more vital than ever. We believe the Junior ISA will be the primary savings account for families and AFM and its member are planning for this exciting new product. However, while previously, every child would receive a Child Trust Fund and a voucher at birth, we regret that this will not happen for the Junior ISA. As a result, poorer families in particular will be disadvantaged.