May 2 2008
Innovation in how financial services information is provided online can have a positive impact on how well British parents are able to save for their children's future, it has been suggested.
According to the Family Investments company, many parents are so busy that finding time to form a strategy of saving for children can be difficult and online tools can help make the process easier.
The comments from the firm come after HM Revenues & Customs launched a podcast designed to give parents a basic outline of how child trust funds (CTFs) operate and how they can play an important role in any effort to save for children.
"Family Investments is pleased that the government is taking continual steps to harness internet technology in order to inform and educate families about the CTF," said Miles Bingham, head of savings and investments at the financial services firm.
Meanwhile, the Building Societies Association recently welcomed news that its members had received record saving deposits over the course of March this year.
