BBC Radio 4's Money Box was broadcast on Saturday, 15 January, 2005, at 1204 GMT.
Children will get at least £250 in their first CTF payment
The programme was repeated on Sunday, 16 January, 2005, at 2102 GMT.
The new Child Trust Fund (CTF) was formally launched on Tuesday, 11 January, by Chancellor Gordon Brown and the Minister for Children Margaret Hodge.
The first information packs and vouchers are on their way to parents and a major advertising campaign is to begin on Monday, 17 January.
All children born from 1 September, 2002, will get £250, and the poorest third of families will get £500, which must be invested in a special CTF account.
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Are CTFs a good idea, or a waste of taxpayers' money?
A second payment will be made when the child reaches seven.
Announcing details of the 75 official providers and distributors, the chancellor explained the aim was to give "not just some, but all children... the best possible start in life".
To discuss how parents should invest the money, we were joined by:
Stephen Timms, the minister responsible for the CTF
David White, Chief Executive of Children's Mutual, one of the most enthusiastic providers
Philip Williamson, Chief Executive of Nationwide, one of the few providers to offer a cash CTF
Anna Bowes, Independent Financial Advisor at Chase de Vere.
Presenter: Paul Lewis
Producer: Jennifer Clarke
Reporter: Samantha Washington
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