Family Investments celebrates half a million Child Trust Funds

Family Investments, UK Child Trust Fund (CTF) provider, has become the first provider to open 500,000 accounts, just three years after CTFs were first launched. And despite the continuing turmoil in the stock market, Family Investments has experienced record sales in January with the highest number of monthly CTF account openings for two years.

Miles Bingham, Head of Savings and Investments at Family Investments, said: “We are delighted to reach 500,000 CTF accounts. This is a fantastic testament to parents’ desire to secure the best financial future for their children. All of Family Investments’ CTF accounts are stakeholder, which demonstrates the willingness of parents to take a sensible long term view of saving in shares - over an 18 year term shares have nearly always outperformed cash based funds.”

Family Investments offers CTFs in approximately 18,000 high street locations - four times greater than any other provider - and partnerships include the Post Office, Barclays Bank and Early Learning Centre.

Parents can choose a standard stakeholder fund or select an ethical stakeholder fund for their child, and even top up an innovative Nectar version with points.