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That this House notes that of the 1,305,000 Child Trust Fund accounts reported by the Inland Revenue as opened at 5th January 2006, 567,000 have been lodged with friendly societies; recognises that this represents nearly 44 per cent. of all child trust funds to date; further notes that friendly societies are mutual organisations that offer investment and financial protection to people in all walks of life; commends their strong contribution to the delivery of this key policy to develop a regular savings habit among United Kingdom citizens; and calls upon the Government fully to appreciate the important contribution that friendly societies make when targeting tax incentives to encourage savings.
Total number of signatures: 49
Showing 49 out of 49