Sep 18 2008
A UK-based friendly society has agreed a contract with a new firm for the provision of a range of products, including Child Trust Funds (CTFs), those looking to save for their children may be interested to discover.
Santander Asset Management UK has been appointed by Family Investments to manage its £1.5 billion investment portfolio.
In total, Santander will look after 23 funds on an initial three-month contract covering the fourth quarter of 2008.
"We are delighted to have been appointed to manage this investment mandate on behalf of Family Investments and look forward to working with Family over the coming years," stated Ignacio Izquierdo, chief executive of Santander Asset Management UK.
In other CTF news, figures produced recently by American Express Insurance Services revealed that 21 per cent of consumers are planning to stop making regular contributions to such funds in order to help ends meet as the cost of living rises.
