Sep 7 2007
A new child trust fund (CTF) launched next week by a high street lender is a "fantastic" way to save for a youngster's future, it has been claimed.
Ian Cornelius, director of savings at Bradford & Bingley, said the company's forthcoming Kid's Saving Bond has a number of features which could maximise the amount put away for a child.
And in addition to being an effective method of saving, it may also provide peace of mind for parents who want to see returns on their investment.
"[The] Kid's Saving Bond offers parents a fantastic way of investing in their children's future," Mr Cornelius added.
Meanwhile, it was announced today that new funding has been allocated for the teaching of personal finance skills in UK schools.
The government announced that as part of the £11.5 million boost, children will be taught about general money matters and CTFs will be used in maths lessons as an example of how to manage finances.
