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Families unaware of CTFs

Two out of three families do not know about child trust funds, a survey from the AITC reveals.

The research carried out by the trade body showed that 62 per cent of families were unaware of child trust funds.

Awareness was particularly poor among low-income families, with just 30 per cent aware of the scheme compared with 45 per cent of more wealthy families.

Communications director Annabel Brodie-Smith says: “There is certainly an important educational role and the Government and the industry need to work together on this.”


First State Investments – First State China Growth Fund

Type: Ucits Aim: Growth by investing in companies based in or which derive their income from the People&#39s Republic of China Minimum investment: Lump sum $1,500 Investment split: 44.3% industrials, 24.9% consumer discretionary, 8.7% financials, 5.8% energy, 5% healthcare, 3.5% consumer staples, 2.9% utilities, 2.1% materials, 1.4% information technology, 1.4% cash Place of registration: Dublin […]

&#39IHT discriminating against homes in high-price areas&#39

The firm says the price of the average UK house – £161,746 – takes up 61 per cent of the inheritance tax-free allowance compared with 31 per cent of the band in 1995. This is even higher than at the peak of the property boom in 1989 when the price of the average UK house […]

Critical barrage for ABI over definitions and website

Leading medical figures have criticised the Association of British Insurers for outdated definitions on major critical illnesses and an inadequate website. At a conference organised by reinsurer GenRe, Imperial College professor of cancer medicine Karol Sikora described the ABI website as “trash”. One of his main criticisms is it does not define what critical illness […]

Winterthur arranges management consultancy for IFAs

Winterthur Life is teaming up with a management consultancy to provide IFAs with an advisory service ahead of depolarisation. The deal marks an extension to Winterthur&#39s existing Professional Edge IFA package and will put advisers in contact with management consultants who can help them develop business plans or convert to a fee-based model. Winterthur says […]


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