Jan 16 2008
Renewed financial focus could give child trust fund (CTF) accounts a boost in the early part of this year, it has been suggested.
Figures from Engage Mutual Assurance show that January 2007 saw more than the average number of CTF accounts opened on behalf of children around the UK.
It is thought that January 2008 could see a similar increase in CTF activity as parents try to rearrange their finances and put more emphasis on saving for their children's futures.
Karl Elliott, 3GB spokesperson for Engage Mutual, commented: "New year is a time when many of us resolve to sort out our finances.
"As last year's experience in our CTF data shows, many parents will also open a CTF in January."
Meanwhile, recent research by Children's Mutual showed that close to half of all eligible parents in the UK are adding to a CTF account in an effort to give their sons and daughters a better start to their financial lives.
