What is a Junior Isa?

27 October 2012 Last updated at 04:40 ET Help

Parents looking to save for their children's future need more information on their options, according to new research.

Less than 32% of families with an income less than £28,000 had heard of Junior Isas, and 65% of all families wanted more detailed information on them.

The Junior Isa was launched in 2011 as a replacement for the Child Trust Fund.

Your Money's Philip Hampsheir explains more.

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