One year on from the Child Trust Fund's launch, David White, chief executive of The Children's Mutual, is keen to show advisers, contrary to popular myth, cash is not king in the CTF world.
Wednesday 6th April marks the first anniversary of the UK’s child trust fund (CTF). Some advisers have been turning their back on the CTF, believing the majority of parents are choosing to invest in deposit accounts. But evidence reveals this is simply not the case and the CTF actually offers advisers several long-term earning opportunities. A catalyst for change The CTF is already proving to be a significant catalyst for change in the UK's savings market. More than 72% of parents who received their child's vouchers in the first three months of last year have placed them, and there are no...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
