MSE News: Government dashes child trust fund/junior Isa merger hopes

...its not just their poor performance - even the so called 'ethical' CTF funds mostly invest in banking, oil extraction, pharmaceuticals etc. i want my daughters investments to be in something that will benefit her future not destroy it!

..not allowed to post links here but google 'govt epetition - Merge Child Trust Funds with Junior Isas'

But, surely the real hurt in not being able to convert an existing CTF in to Junior ISA is what happens when the child reaches 18 & assumes control of the money? A child with a Junior Cash/Share ISA will be able to transfer all of it to an Adult Cash/Share ISA. However, a child with a CTF will only be able to transfer an amount up to the ISA annual limit at that point in time. The rest will have to be put in to taxable savings? That could mean that children of different ages in the same family, and whose family has taken care to put in exactly the same amounts, could be in very different positions financially at age 18.

So, isn't what's really being asked for here is a level playing field for all our children?

Regards
Dave