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Parents have plans to top up CTF funds

The majority of parents with children eligible for Government funding assistance through the child trust fund say they plan to top up the cash for their children.

Research from The Children&#39s Mutual reveals that 79 per cent say they plan to make additional contributions to the funds when the initiative is likely to start on April 6, 2005 but 92 per cent want more information about the CTF.

TCM believes the introduction of the CTF will mark an important turning point in the future culture of UK savings habits. It says more Government information is needed, which is borne out by the survey&#39s findings that 34 per cent of respondents have not heard of the scheme.

The mutual is setting up a CTF information service and has pledged to provide parents with information. It will send a notice to interested parents every time there is a development in the build-up to implementation of the funds.

The survey was carried out for TCM by the Telephone Research Centre, which interviewed 250 eligible parents.

Chief executive David White says: “Our research has confirmed that parents with the first children who qualify for the CTF are eager to receive more information and find out how they can plan for their children&#39s future.”

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