Parents who missed out on the launch of Junior Isas because they already had a Child Trust Fund should at last be able to transfer from a CTF to a Jisa.
The Treasury is launching a 12-week consultation, likely to win overwhelming support, to scrap the barrier between the discontinued CTF and the new Jisa.
Danny Cox at brokers Hargreaves Lansdown said: "Common sense has broken out at last. Child Trust Funds have been in terminal decline since 2011, seeing millions trapped in expensive products or suffering lower interest rates than their Junior Isa counterparts."
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