Nov 24 2008
Parents who are saving for their children may be interested in a guide which was recently published by F&C.
The firm has produced the resource, which is entitled Guide to Investing for Children, to outline to consumers potential costs, choices concerning products and useful websites.
It is also designed to cut through some of the more complex terminology.
Among the products covered in the guide are Child Trust Funds (CTFs), which run until a youngster reaches the age of 18 and can be topped up by an additional £1,200 per year.
Anyone interested in seeing the resource can contact F&C by telephone or look online.
Recently, the Children's Mutual advised parents to prioritise saving for children over buying potentially unappreciated gifts during the festive season.
Chief executive of the organisation David White said: "We have calculated that if the average amount of cash given each year [in presents] was saved into a CTF account, it could bolster their savings pot by £2,340, excluding any government contributions."
