Many still unaware of Junior ISA scheme

A survey by the Association of Investment Companies (AIC) has revealed that 74% of parents with children under 16 are still unaware of the Junior ISA scheme.  However, 23% of parents do know about Junior ISAs, and of these 32% say they are likely to open one.

Interestingly, AIC also say that 58% of parents with children under 16 agree that the Junior ISA should be included in financial education in the classroom, with 85% of this group believing it would help their children manage their money when they are older.

 

Source:  Credit Action November 2011 edition

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