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Child Trust Fund prompts savings for older children

The Nottingham Friendly Society says parents of older children have been spurred into saving by the Governments publicity surrounding CTFs.

Sales of the building societys second step tax exempts savings plan (TESP) doubled in the wake of government advertising for CTFs. Nottingam Friendly says parents of children too old to invest in CTFs are more likely to have the time and energy to think about savings, as they have less sleepless nights and are in a better position to think clearly.

A spokesman for Nottingham Friendly says this illustrates how the CTF scheme opens up opportunities and gives a reason for IFAs to make sure clients have child savings provision in place, even for children not eligible for CTFs. He also says now is a good opportunity for IFAs to make more money by selling savings products to parents of older children.


Technology set for upturn, say fund managers

Polar Capital director Brian Ashford-Russell says technology is within 18 months of an upturn. New Star select opportunities manager Patrick Ever- shed has increased his fund’s technology weighting to up to 40 per cent. Retail investors lost huge amounts of money when the technology bubble burst in March 2000. Ashford-Russell says he understands investors are […]

Advisers on fee alert

IFAs are breaking the FSA’s depolarisation rules and failing to provide an adequate fee option to their customers, say the two biggest IFA bodies. Aifa and the Personal Finance Society are warning their members to ensure the fee option is embedded in their business if they want to operate under the IFA banner or risk […]


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