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Over 75 per cent of first CTFs invested

Over 75 per cent of the first people to receive Child Trust Funds have invested them, according to figures for HM Revenue & Customs.
The figures also show two thirds of all parents who have received the vouchers have invested them.
Pima director general Tony Vine-Lott says: “These figures from HMRC are very positive. By carefully designating investments, parents and guardians of CTF-holders are choosing to play an active role in their child’s future.”
Family investments chief executive John Reeve says: “While the scheme is clearly experiencing success with 1.8m CTFs currently in operation and over £600m already saved, the focus now is on encouraging parents to use their child’s CTF as efficiently as possible. Regular top ups are essential for CTFs to deliver a healthy nest egg to children when they reach eighteen years old.”

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