Child saving plans

Sep 26 2007

Brits 'want more CTF options'

UK consumers want to see more child trust fund (CTF) savings made available, according to Mark Robertson, partnerships and development manager for the Ethical Investment Research Service (Eiris).

Mr Robertson is convinced that while there are now a number of different kinds of CTFs available parents around the country still want to see more.

He said: "There are still not a lot of options available which is ironic, really, because a lot of people are realising that they're investing for a child's future.

"They want their investments to reflect a better world for their future as well, so it's an obvious area that people are very interested in."

Parents are particularly keen to see that the money they invest to secure a solid financial start for their children is not invested in what might be seen as an unethical way, according to the Eiris spokesperson.

Figures from the Tax Incentivised Savings Association recently showed that the amounts being invested in CTFs are increasing across the UK.

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