Child saving plans

Feb 19 2008

FSA launches 'parents guide to money'

The Financial Services Authority (FSA) has launched a new publication that it is hoped will help parents and expectant mothers around the country to organise their finances more effectively.

Preliminary research by the FSA has suggested that the vast majority of parent-to-be who read it 'parents guide to money' felt that the information they gathered was useful.

The reminder of the importance of saving that is incorporated by the new guide was cited by many readers as being among the most beneficial aspects of the FSA's latest publication.

A number of the UK's most prominent providers of child savings accounts and child trust funds, including Family Investments, the Children's Mutual and the Nationwide Building Society have all welcomed the launch of the authority's new finance guide.

Moneyfacts claimed recently that the competition for customers among the UK's financial services firms has seen them increase their savings account rates significantly over the past few months.

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