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Child Trust Fund market up and running

Capita Life and Pensions has processed its first two child trust fund applications just hours after the products’ midday launch.
The applications were processed for two new babies on behalf of The Children’s Mutual, which has outsourced administration of CTFs to Capita.
Capita also runs CTF systems for HBOS and 22 of The Children’s Mutuals CTF partners and estimates it will administer 40 per cent of the CTF market.

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