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OVER 1m PARENTS SHUN CHILD TRUST FUND
Less than half of parents with child
trust fund vouchers have opened an
account since the scheme launched in
April, says HM Revenue & Customs.
Only 889,000 accounts have been opened
of the 1.927m vouchers sent to parents
with children born after September 1,
2002, the taxman's figures show.
But the gap is closing with 390,000 new
accounts opened between May and August,
on 499,000 in the prior two months.
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