CTF deposits show investment in the future

Monday, November 28, 2005

A number of parents whose children qualify for the Child Trust Fund (CTF) investment scheme are using the opportunity to make a substantial investment for their children's future through regular deposits.

New statistics from engage Mutual Assurance, a company that offers CTF investment, have revealed that half of the company's customers regularly deposit money into the savings accounts for the future.

This number is almost double the 26 per cent average, and the investment is something that engage Mutual Assurance encourages.

"Whilst new parents learn to cope with the many costs associated with a new arrival, they could also be managing on a reduced income, perhaps during a period of maternity leave or if one parent leaves work to stay at home," said engage Mutual Assurance's child savings strategist, Karl Elliott.

The news from engage follows recent news that CTFs have encouraged parents to also save for children of non trust fund age, a move that is again an investment in the future.

NatWest last week also announced that children are becoming more conscious of the need to save, with over £100 million saved in piggy banks and children's savings accounts.

Interested in investing your money? Click here:
http://www.europinions-finance.co.uk/investments/investments/
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