The AITC is calling on the Government to build more personal finance education into the national curriculum.
In its response to the Treasurys Savings & Assets for all paper, the trade body said it endorsed the Governments idea for Child Trust Funds, and recommended they were used create an informed savings culture in the UK.
The AITC called for the scheme to make four endowments of £500 at birth and then at 5, 13 and 16 years of age. It said the money should be permitted to invest in collective equity funds, but that access should be restricted to the fund until the age of 21.
AITC director general Daniel Godfrey says: "The Child Trust Fund should be used to encourage inexperienced investors to undertake equity investment which too many people do not understand or are wary of."