HC Deb 28 January 2003 vol 398 c743W
Mr. Stephen O'Brien

To ask the Chancellor of the Exchequer if he will set out what the timetable is for the introduction of the Child Trust Fund. [93654]

Ruth Kelly

The Government will announce further decisions regarding the implementation of the Child Trust Fund as part of the Budget cycle, in line with normal practice relating to annually managed expenditure.

Mr. Stephen O'Brien

To ask the Chancellor of the Exchequer which types of financial service providers will be permitted to sell the Child Trust Fund; and whether(a) fund managers and (b) life insurance companies will be permitted to do so. [93655]

Ruth Kelly

As announced in the pre-Budget report, the Child Trust Fund will be offered through open market provision. Providers—including fund managers and life insurance companies—will be able to enter the market if they satisfy a set of conditions.