THE investment and savings market has been boosted with the news three quarters of parents are now saving for their children's future.
The most recent PIMA Child Trust Fund (CTF) survey reveals that increasing numbers of parents (74.4pc) are now saving for their children's future, beginning with the CTF. The survey, taken from opened accounts, reveals greater numbers are also topping up their child's CTF via monthly direct debits and lump sum contributions. PIMA recently made a submission to HM Treasury's consultation on improving financial capability in the UK. PIMA argued using CTF as a universal tool for children and families is “vital to better the understanding of savings, investments, money and financial mat...
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