Phillip Blond welcomes the announcement by the coalition government to introduce Junior ISAs

PRESS RELEASE FROM RESPUBLICA RELEASE TIME: IMMDIATEPhillip Blond, who has been described as a key policy guru to David Cameron, has welcomed the decision by the Coalition Government to introduce a replacement to the Child Trust Fund (CTF). The proposals announced by Treasury Minister Mark Hoban will see the creation of a ‘Junior ISA’ worth up to £1,200 a year. The new ‘Junior ISA’ would be different to the old CTF scheme with the funds held by the child who will not be able to access them until adulthood. Parents will still play an active role in investing the funds deciding whether to