I read this in the paper today and checked it out with the web site- sounds like the children who got CTF's are going to be disadvantaged, is there anyone we might influence to try to change the policy? Lots of us try to save a little for our GC's, if we can only save for our GC's in their CTF because the accounts can't be transferred, we might be throwing our money away!
Quote from paper-
Kevin Mountford, head of banking at moneysupermarket.com said: "It's great to see the government incentivising people to save for their children's future, and anything that educates consumers at an early age can only be seen as a good thing. However, it is disappointing to see that any child who currently holds a CTF will not qualify for these new accounts.
"With the lack of focus on CTFs, the danger is children with these accounts will languish on poor deals, while those with Junior ISAs will benefit from competition in the market.
The ability to transfer funds from CTF accounts to a Junior ISA would have been welcomed, or at the least, the ability to open a Junior ISA in addition to a CTF, though it is encouraging to see that the government will consider this in the future."