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
