Apr 10 2008
British women tend to be more aware of the potential benefits of child trust funds (CTFs) than their male counterparts, according to recent research.
Figures from the Family Investments company have shown that 62 per cent of women in the UK recognise CTFs as a way of saving for children but the same can only be said of 52 per cent of men around the country.
In addition, the recent study found that around 37 per cent of women who had set up a CTF felt the process had encouraged them to start saving in a number of other ways for their child's future.
Family Investment has been keen to remind parents that the process of opening a CTF is now less time consuming and can be completed in a matter of minutes via the internet.
The Tax Incentivised Savings Association recently revealed that the scale of contributions being made to the CTFs opened on behalf of children in the UK has been increasing over the first few moths of this year.
