Decisions about whether or not to fund vouchers, have merit pay for teachers or extend the school year should be made by parents and local school boards, not by D.
Redemption fees have some merit as they are often designed to stop traders from moving in and out of the fund attempting to make a quick speculation profit.
The company added that it has asked its lawyers to set up a compensation fund to deal with "justifiable" claims -- but would contest cases that it believed were without merit.