Dear All,

Thanks to those of you that completed the Financial Questionnaire on the site.

Not one of our more popular topics, but nonetheless there were some interesting replies.

No one really seems to think that the new government backed Child Trust Funds will, on their own, make much difference to providing a secure financial future for our kids, but there was a general welcome for the initiative.

Parents who responded to the Questionnaire said they were either saving too little or not at all for their children’s futures.

However, while the CTFs on their own were not seen as the answer to this problem, parents did acknowledge that this kind of incentive would motivate them to try to add money to the fund themselves. Building on an existing figure, however small, was seen as a good way forward by parents to start saving, as this scheme bore some resemblance to pension schemes that have both employee and employer contributions that parents could relate to. Seeing the CTF like a Pension scheme-long term in its benefits-did strike a chord.

Thanks again to those of you who took part.

Pat.