Oct 5 2007
The various child trust fund (CTF) products available to parents in the UK offer a "really good range" of ways to save for a loved-ones future, according to one expert.
A spokesperson for the Children's Mutual has suggested that whether parents want to invest in a stakeholder CTF or a cash-based equivalent then these options are available and can offer a good deal.
Furthermore, the Children's Mutual spokesperson went on to note that British Muslim parents can now open a CTF product that complies with Sharia law, but she also pointed out that hers is the only company currently providing these services.
"There is a huge range of CTFs out there, whether they're stakeholder or non stakeholder," she said.
"I think that, in terms of people's religious or ethical or general beliefs, there is everything out there that is required by their risk profile. There is a really good range of products out there now."
Recent announcements by the Treasury have revealed that the government intends to use CTFs as a way to engage British children with money-related issues.
