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CTFs not reaching most needy, say Tories

The Conservatives say the Government’s child trust funds are failing to help poorer families as take up is higher amongst the wealthy, according to a Guardian report. 

Tory analysis of official statistics show that in the poorest 10 parliamentary constituencies where 39 per cent of children live in households classified as deprived, only 69 per cent of families claim the money to invest in a CTF. 

In the top 10 wealthiest constituencies where only 4 per cent of children are in deprived households the figure rises to 83 per cent. 

The Tories announced last October that they will only continue CTFs for the poorest families and disabled children if they win the general election.

Shadow families spokesman David Willetts told the Guardian: “The aim of encouraging parents to save for their children’s future is a laudable one.

“But it is deeply worrying to learn that those who could benefit most from child trust funds are among the least likely to use them.” 


Adviser Fund Index

Adviser Fund Index panellists have moved away from British equities and towards emerging markets and strategic bond funds in the balanced index. In last November’s rebalancing, panellists reduced their direct exposure to Britain while fixed interest and property gained the most. The funds picked by the highest number of panellists include First State Asia Pacific […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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