The Baby Bond
and similar products available at other friendly societies are the only products on the market offering a tax break for parents wanting to save specifically for their children.
Every child born after August 2002 will get a pounds 250 baby bond
by April 2005 - 60 per cent will be shares.
Prof Walker, who is also a member of the Economic and Social Research Council's Evidence Based Policy Network, said: "Most of the evidence suggests that the impact of having poor parents comes largely through the poor environment in which you are brought up - which a baby bond
does not address - rather than poor people having poor access to credit to finance future investments.
There are two age groups: three-five and six-eight, with a winner from each receiving a Baby Bond
HISTORIC: Chancellor outlines his Baby Bond
plan in Commons yesterday
Her parents Alice, 36, and Charles, 41, have been setting aside pounds 20 a month of her child benefit since she was six weeks old to invest in a Baby Bond
with the Children's Mutual friendly society.
The Tunbridge Wells Friendly Society has a baby bond
and a university bond similar to what the Government is planning.
government should create, along with a Social Security number, a savings account for that child into which between $5,000 and $7,500 is placed--called a baby bond
or, as some prefer to call it, a service bond.
Positive touch offered by the parents has been shown to be more beneficial for the well being of these fragile babies and importantly supports the development of a strong parent/ baby bond
, which is the foundation of attachment parenting--the philosophy of the IAIM.
It launched an election film portraying the "nightmare" of a Conserva1tive victory, in which families in a typical surburban street are visited by a grey-suited government official who tells them that Conservatives have stopped Child Tax Credit payments to families "on middle and modest incomes" (actually pounds 50,000) and have stopped Child Trust Fund baby bond
payments for families with incomes over pounds 16,000.
nYOUR choices include a savings account or a National Savings baby bond
Tunbridge Wells Equitable's Baby Bond
(0500 110011) is one of the most popular on the market.