IFAs urged to include CTFs on fact finds

The plea comes as long-term savings for children have dropped out of the top ten drivers to visit an IFA, according to unbiased.co.uk. However, CTFs have never been so important as they could go some way to readdressing the balance that has been tipped in recent years by a proliferation of cheap credit and a lack of savings, says The Children’s Mutual. When today’s CTF generation turns 18 in 2020, it will cost approximately £63,000 to fund a student through a three year university course and £27,300 to cover the deposit of a first home. This is a considerable financial liability for p...