Jan 9 2008
British consumers have been urged to "consider their child's future" by making investments that could benefit them financially in later life.
The Fair Investment Company has highlighted deposit-based child trust funds (CTFs) as one way in which parents can make a real difference to the future of their sons or daughters.
However, the organisation makes clear that it is important for people considering how to start saving for children in the UK to carefully consider their options in order to ensure that they get a good deal.
"Deposit-based CTFs could be a good way of investing money that might otherwise be frittered away," said Fair Investment's James Caldwell.
"Your children are likely to thank you when they hit 18 and find they have a substantial nest-egg waiting for them," he added.
Colin Rothery, from the Throgmorton independent financial advisory firm, recently called for British parents to be made more fully aware of their options when it comes to investing a CTF account.
