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Treasury launches consultation on baby bonds

The Treasury is launching a further consultation on baby bonds following favourable response to its initial proposals.

It will consult on whether the Child Trust funds should be sold direct or through intermediaries in the same way as Isas or whether to grant licences to a limited amount of providers. It says the endowment and further parental contributions should be invested widely, including actively or passively managed equity-based vehicles.

The endowment for every child will be administered through the Child Benefits system, with no limits set on use when the fund matures at the age of eighteen.

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