Proceeding contribution from John Hemming (Liberal Democrat) in the House of Commons on Monday, 22 November 2010. It occurred during Debate on bill on Savings Accounts and Health in Pregnancy Grant Bill.

Savings Accounts and Health in Pregnancy Grant Bill

At this point, I should declare my interest, which is on the Register of Members' Financial Interests, as the chair of a company, John Hemming and Co., which provides software to ISA providers. I understand how ISAs operate and that the value of ISAs that are exposed to the stock market can go up as well as down. The difficulty with the child trust fund is that it is relatively small and that there is a great challenge in managing small funds. As a proportion of the fund, the 1.5% charges rate is higher than that for many other funds.

Secondary information

Type: Proceeding contribution
Reference: 519 c66
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Disability Children Children in care Child trust fund Eligibility Grants Individual savings accounts Pilot schemes Personal savings Low incomes Northern Ireland Poverty Pregnancy Scotland Wales Saving gateway
Legislation: Savings Accounts and Health in Pregnancy Grant Bill 2010-12
Link: View this Proceeding contribution on www.publications.parliament.uk

Savings Accounts and Health in Pregnancy Grant Bill

Secondary information

Librarians' tools