NU and The Children's Mutual form CTF alliance

Norwich Union and The Children’s Mutual have signed letters of intent to together launch a Child Trust Fund product into the market next year. Although no further details are available at this stage, officials at NU say they want to confirm the life office will be entering the CTF market, following suggestions Norwich Union may not develop these new products if the government’s price cap was set at 1.5%. IFAonline