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Child Trust Funds
Record number of parents invest their children’s CTF
The Children’s Mutual has welcomed the latest Child Trust Fund (CTF) figures, released by HM Revenue & Customs (HMRC), which show that more than 2.6 million CTF accounts are now open.
Over 2.5 million children now benefit from the Child Trust Fund
The Economic Secretary, Ed Balls, today announced that over 2.6 million Child Trust Fund accounts are now open.
Single parents struggling to save
Single parents are struggling to save for their children’s future – just one in six have made regular payments into a child’s savings account - according to research by Engage Mutual.
The cost of a social conscience
Ethical issues are a must and not a maybe in today’s society. But new figures from Family Investments find that being an ethical parent is not only heavy on the conscience, but also on the purse.
Co-operative Insurance helps make saving for the future childsplay
Co-operative Insurance has experienced a very positive response to the Child Trust Fund initiative.
No sweets today keeps the bank manager away
As many as one in two parents do not give their children pocket money, preferring instead to save for their off springs’ future, according to new research by Engage Mutual Assurance.
Family Investments passes 400,000TH CTF account milestone
Family Investments has attracted its 400,000th Child Trust Fund (CTF) customer, making it the most successful provider in the UK.
Grandkids’ possible £78,700 inheritance
As new research reveals that four in 10 households could potentially be facing a 40 per cent Inheritance Tax bill, The Children’s Mutual is urging grandparents to consider investing on behalf of their grandchildren as a means of avoiding giving too much to the taxman.
Parents and grandparents encouraged to make every week CTF week
As CTF Week draws to a close, PIMA and its member companies would like to remind parents to make every week ‘CTF Week’.
Halifax announces 250,000th Child Trust Fund
The Halifax has announced today that newborn baby Jennifer Chapman from Farnham in Surrey is the 250,000th Halifax Child Trust Fund (CTF) customer. She could have £34,820 when she turns 18.
Family Investments welcomes government’s financial education drive
Family Investments welcomes government plans to develop a national financial advice service announced this week by Ed Balls, Economic Secretary to the Treasury.
New Star asset management on Child Trust Fund awareness week
Phil Wagstaff, Managing Director of all UK retail funds at New Star, says: “Every parent should have the opportunity to provide their child with the best financial start in adult life. Child Trust Funds offer parents an opportunity for their children to benefit from stock market performance tax-efficiently. Accessible both online and in the high street, parents can easily and conveniently access information on how to invest and what to invest in. With 2.5million accounts opened in just two years they’ve proven to be a strong success story.”
moneysupermarket.com comments on Child Trust Fund (CTF) week
Commenting on Child Trust Fund (CTF) week Stuart Glendinning, managing director at moneysupermarket.com, said: “The Government’s latest Child Trust Fund initiative, CTF week, draws much-needed attention to the need to develop saving as a lifelong habit, and encourage people to manage their family’s finances carefully.
Parents saving for children’s future with additional CTF contributions
More parents and relatives are making additional top-up contributions to CTFs, according to statistics from the Quarterly PIMA CTF survey.
Research identifies average return on cash Child Trust Funds
Sainsbury’s Bank stakeholder Child Trust Fund provides return of 8.92% over the past 12 months.