Feb 15 2007
Opening a child trust fund (CTF) can help to cover the costs of education, according to one expert.
The rising cost of university education can be covered with a CTF, John Reeve, chief executive of Family Investments, has claimed.
He added that opening a fund can help to give children a "head start" on adulthood, easing potential financial worries experienced later in life.
"As higher education becomes increasingly expensive and the first rung of the property ladder seems higher every year, well-invested CTFs could give our children a well-needed head-start to their adult lives," Mr Reeve concluded.
His comments follow research from the firm which revealed that 400,000 people had opened a CTF with Family Investments since the savings scheme was introduced in April 2005.
Recent research from The Children's Mutual revealed that 85 per cent of grandparents would be willing to top up their grandchildren's CTFs.
