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Child Trust Funds
Family Investments named Best Child Trust Fund Provider 2010
Family Investments, the nation's largest Child Trust Fund (CTF) provider, last week won the Best Child Trust Fund Provider category at the 2010 Investment Life & Pensions Moneyfacts awards.
Parents need to start saving for children's future early
The monthly cost of being a student has risen 28 per cent since 2004, according to analysis by Family Investments, a leading children's saving provider. Full time students now face total living costs of £718 up from £561 in 2004.
CTF contributions still strong
Contributions to Child Trust Funds have continued to increase - according to the latest quarterly statistics from TISA - despite the government announcement that children born after the end of this year will not qualify for an account.
Family Investments offers haven for Child Trust Fund vouchers
The value of Child Trust Fund (CTF) vouchers will fall from £250 to £50 as of the 1st August 2011, and the second £250 payment to children on their seventh birthday will also cease from this date.
Children's Mutual CTF suspension reignites calls for Children's ISA
George Ladds, head of savings and investments research at Fair Investment Company comments on The Children's Mutual's decision to stop taking new business to all but its most basic Child Trust Fund Account and urges the Government to offer alternative options:
Pensions - a good alternative to CTFs
Following the coalition Government's decision to stop Child Trust Fund accounts being opened from January 2011, Shelagh Hamer, pension specialist at NFU Mutual, explains why pensions could be a good alternative for investing in a child's future.
Rethink required on CTF wind-down
The phased withdrawal of Child Trust Fund vouchers announced this week by the new coalition Government needs to be reconsidered, according to F&C's Head of Corporate Affairs, Jason Hollands.
AIC calls for Child Trust Fund to continue
The AIC has called on the Government to allow new parents the option to set up and contribute to Child Trust Funds even after Government contributions have been phased out. This would have no significant impact on tax revenues, but would encourage new parents to save for their children's future.
Eligible families urged to make the most of Child Trust Funds
Parents of 18 to 30-year-olds are warning families of younger children to start saving now to fund the future, with nearly a third (28 per cent) saying that they have either remortgaged or are planning to remortgage to fund their child's adulthood.
Axe taken to saplings
Gavin Oldham, chief executive of The Share Centre, comments on this week's announcement to axe the Child Trust Fund.
Saving for children crucial
The Children's Mutual is reassuring the five million families whose children hold Child Trust Fund (CTF) accounts that they will be able to continue saving for their children into CTFs and it is urging them to make the most of the tax-free investment growth of the scheme.
Parents undaunted by curtailment of Child Trust Fund
New research commissioned by leading children's investment provider F&C Investments in advance of National Family Week (31 May-6 June) has indicated that 70% of parents of under-8s would continue to save for them even if the Child Trust Fund (CTF) was abolished entirely.
Child Trust Funds - the game is not over yet
With the manifesto position of the Liberal Democrats being to completely abolish Child Trust Funds, and the Conservative policy one of limiting further plans exclusively to those on the lowest incomes, supporters of the scheme will be carefully awaiting further clarification on their future in the run up to the coalition government's emergency budget.
Average stakeholder CTF £1 higher than cash alternative
The value of the average stakeholder Child Trust Fund (CTF) has edged back past those of cash CTFs over the five years since the scheme was launched, according to the latest survey by Moneyfacts.
Pocket money hotspots
Pocket money has not been a casualty of the credit crunch, and Glasgow takes top slot as the UK's pocket money hotspot.