Feb 4 2008
The Family Investments company has revealed that the number of child trust funds (CTFs) opened over the course of January 2008 was a record monthly figure for the past two years.
According to the financial services firm, the number of CTF account openings last month was particularly noteworthy given the turmoil witnessed on stock markets around the world.
In addition, Family Investments has marked its won achievement in reaching the half-million milestone for CTF account launched in the UK.
"We are delighted to reach 500,000 CTF accounts," said Miles Bingham, head of savings and investments at Family Investments.
"This is a fantastic testament to parents' desire to secure the best financial future for their children," he added.
Last month, the Tax Incentivised Savings Association reported that contribution rates into CTFs opened on behalf of British children have increased consistently in recent months.
