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Child Trust Funds
AFS supports Government moves to improve take-up of CTF
Yesterday’s report by HM Revenue and Customs indicates that three-quarters of parents now open a Child Trust Fund for their child, and that a quarter of accounts are being topped-up by parents.
Nationwide welcomes Kitty Ussher's push for Child Trust Funds
Robin Bailey, director at Nationwide, comments on Kitty Ussher, economic secretary's announcement about Child Trust Funds (CTF), made today:
TISA welcomes Government action on CTF
The Economic Secretary’s announcement today of further, targeted measures to promote CTF is welcome news.
The Children’s Mutual welcomes plans to increase CTF engagement
The Children’s Mutual has welcomed the Government’s annual update on the progress of the Child Trust Fund (CTF) and in particular confirmation that 24% of children’s accounts are being topped up.
Family Investments: Government announcement on CTF
John Reeve, Chief Executive of Family Investments, the leading CTF provider managing almost 500k accounts, said: “We welcome the re-introduction of reminder letters to parents – a move we have been campaigning for some time – which should make a material impact on the take-up of Child Trust Funds.
Calls for families to contribute to the Child Trust Fund
The Economic Secretary, Kitty Ussher, has published the second annual Child Trust Fund (CTF) statistical report, highlighting the continuing success of the CTF.
TISA calls for CTF changes in Pre Budget Submission
TISA is calling for key enhancements to the Child Trust Fund alongside wider actions to further incentivise savings as part of its Pre Budget Submission delivered to the Treasury this week.
Parental purses stretched to breaking point
With new research showing that parents will put their financial futures at risk to help fund their child’s education, The Children’s Mutual is urging parents of younger children to plan early and start saving.
Engage offers new opportunity to save for kids, tax exempt
Engage Mutual Assurance, a leading provider of Child Trust Funds (CTF), has launched a new product to encourage parents to save for older children who missed the CTF deadline.
Save early for your Big Day
As the National Wedding Show, the UK's largest exhibition for prospective brides and grooms, is set to open its doors in Earls Court this weekend, fund manager F&C warns of the spiralling cost of financing "the Big Day" and highlights the need to save as early as possible.
Family Investments launches the Baby Name Game
Princess Tiaamii, Bluebell Madonna, Brooklyn, Kal-El, Jermajesty or Apple: what’s in a name? Family Investments, the UK’s leading Child Trust Fund (CTF) provider, today announces the launch of its unique Baby Name Game (babynamegame.co.uk), designed to help parents to be choose a name for their bundle of joy.
London kids rock bottom of UK pocket money league
The East Midlands is England’s pocket money capital – children in the region are those most likely to be enjoying parental handouts this summer, whereas kids in affluent London come rock bottom of England’s pocket money league, according to new research from Engage Mutual.
£125m in Child Trust Fund tax breaks will go to waste
Parents will be wasting £125 million in tax breaks by not making full use of their children’s Child Trust Fund (CTF) allowance, according to figures from Unbiased.co.uk, the website promoting the benefits of independent financial advice.
Nation celebrates as first Child Trust Fund youngsters turn five
September 1 marks the fifth birthday of the first Child Trust Fund (CTF) babies, and it isn’t just the youngsters who should be celebrating, says David White, chief executive of The Children’s Mutual.
Child Trust Fund babies turn five and head off to school
The first children to qualify for the Child Trust Fund (CTF) are fast approaching their fifth birthday and will soon be starting a new adventure in life when the school term starts in September.