Child Trust Funds Bill — Clause 29 — Interpretation — 3 Feb 2004 at 18:40

I beg to move, That the Bill be now read the Third time.

The child trust fund is a radical and ambitious policy with four key objectives. They are helping people to understand the benefits of saving and investment; encouraging parents and children to develop the savings habit and engage with financial institutions; ensuring that in future all children have a financial asset at the start of adult life; and building on financial education-working with the Department for Education and Skills and the Financial Services Authority in helping people to make better financial choices throughout their lives.

Question put, That the Bill be now read the Third time:-

The House divided: Ayes 415, Noes 45.

Debate in Parliament | Historical Hansard | Source |