Treasury plans ‘Child Trust Fund’

Every child will receive an endowment from the government with
those from the poorest families receiving the most under Treasury
plans for a Child Trust Fund.

The fund will be provided on the open market, like ISAs, and
families will be encouraged to invest in the fund as the child
grows up so that every young person has a lump sum of money when
they reach adulthood.

The government is consulting on exactly how the fund will work.