Martin Shaw, Chief Executive at Association of Financial Mutuals comments

Martin Shaw, Chief Executive at Association of Financial Mutuals comments

Martin Shaw, Chief Executive at Association of Financial Mutuals comments

"Rumours of the demise of the Child Trust Fund are very much premature.  The statement issued yesterday indicates the Government is seeking to reduce payments for higher earners.  That suggests quite clearly keeping the product universal albeit it at a lower cost to the Exchequer.  This is very consistent with the talks that the Association of Financial Mutuals, whose members manage over half of all CTFs, has been having with political parties for some time, and we are keen to work with them on that basis.