For parents the transition from Child Trust Funds to Junior ISAs has been tricky.
Initially the banks will only be able to recommend other company's stakeholder pensions or Isas.
ISAs, but investors will not be able to touch the money until they retire.
The lifestyles of young people could explain the trends in take-up of Isas among the younger generation.
ISAs is more favourable than for long-term savings, then the success of stakeholder pensions could be jeopardised.
ISAs potentially contain four different forms of saving, new savers would probably continue to want, and need, advice.
One year on, and it appears Junior Isas have made a decent start, contrary to the negative headlines.
Some will allow a top-up to variable-rate Isas, but not to fixed-rate products.
She recommends for those wanting to take more risk, investing in stock and investment based Junior ISAs that pay dividends.
ISAs will be announced in the budget, even draft proposals for the stakeholder pension are not expected for some months.
Those under 25 have seen the fastest rise in those registering - up 88% in the first nine years of Isas.
It may be that the new Junior ISAs would be appropriate for your granddaughter rather than an account in your own name.
Unless you need the cash, on no account should you cash in your Isas as you will lose the tax break forever.
ISAs was widely damned as retrospective taxation and a disincentive to save.
These credit unions aim to increase the number of financial services available, introducing more current accounts, budgeting accounts, and cash Individual Savings Accounts (Isas).
As alluded to earlier, Junior Isas are not just for babies - children born before September 2002 but still under 18 are also eligible.
She was also concerned about the expense of putting aside extra money at a time when the interest rates paid on many ISAs are low.
In practice most large firms have a short "panel" consisting of less than ten products they recommend in each category - pensions, ISAs, bonds etc.
Junior cash Isas are available from most banks and building societies.
ISAs when they are paid out, it is still unclear how this wrapper will work, or indeed why the government wants to create it at all.
ISAs are tax-free savings and investment vehicles that were first introduced by the government in 1999, replacing Personal Equity Plans (Peps) and Tax-Exempt Special Savings Accounts (Tessas).
In place of the Funds, the government wants to introduce straightforward, tax-free Junior Individual Savings Accounts (Isas) which will lock in funds until the child reaches adulthood.
Of course you have other savings as well in the bank, in the bond and as ISAs so you need to figure out how best to use them.
"Each child can have up to two junior ISAs, " says Kate Moore, head of savings and investments at Family Investments, which runs Child Trust Funds and Junior ISAs.
If you invest in ISAs then any growth will be tax-free so you will be protecting yourself from any tax liability in the future, unless the law changes.
But Junior ISAs have proved difficult sell for the government.
In 2010, the last year for which full statistics are available, there were nearly 24 million ISA holders altogether, of whom nearly 3.8 million held stocks and shares Isas.
Junior ISAs are converted to adult ISAs at age 18 and passed to the ownership of the child to cash in or to continue to invest as they choose.
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