View more on these topics

Twefs reborn as Children&#39s Mutual

Tunbridge Wells Equitable Friendly Society is changing its 122-year-old name as it relaunches itself as Children&#39s Mutual.

Under the new brand, the society aims to provide support services and investment veh-icles for parents and IFAs to create portfolios for children.

The move comes after consumer research showed more people claimed to recognise the then non-existent Children&#39s Mutual than had heard of Twefs.

According to the research, more than three-quarters of parents who use financial advisers believe the industry needs to do more to encourage them to save for their children&#39s future. Children&#39s Mutual wants to help parents and IFAs use a range of savings vehicles such as Isas and friendly society tax-exempt savings plans to save for a child&#39s first car, higher education, trip around the world or anything else requiring long-term planning.

The portfolio allows contributions by grandparents and other family members to be made tax-efficiently. It can include any number of the company&#39s Isas and with-profits savings plans. Equity Isa investment will be managed by UBS Global Asset Management.

The society will continue to offer its existing baby bonds and university bonds.

Sales director Ian Grimsell says: “We are redefining a 122-year-old organisation to give mums and dads what they need for their children&#39s futures. We know the 18-year-old of the future will need a lump sum of money, whether it is for higher education, starting a business, travelling around the world or for buying their first car. We will help parents understand the cost of these now and in the future. We recognise that mums and dads cannot prepare their children for everything in life but they can prepare them financially with the right specialist help.”

Recommended

Comply with me

In the next year, all brokers will need to make key decisions about how to face up to the demands of regulation in 2004.Any sensible intermediary will give him or herself at least six months to bed down new systems and practices before regulation makes them compulsory. Decisions will need to be made this side […]

Northern Rock widens choice for borrowers

Northern Rock is introducing a range of flexible and traditional mortgages intended to offer a wide choice of competitive rates.A two-year flexible fixed-rate mortgage is available, starting at 3.39 per cent up to 85 per cent loan to value, increasing to 3.59 per cent on an LTV of 95 per cent.It has an early repayment […]

Inora Life – Accumulator Growth Fund (Series 2)

Wednesday, 22 January 2003 Type: Guaranteed equity bond Aim: Growth linked to the performance of the Eurostoxx 50 index or the Dow Jones Global Titans 50 index Minimum investment: Lump sum Euro 10,000, $10,000 Place of registration: Dublin Investment split: 100% linked to the performance of the Eurostoxx 50 index or the Dow Jones Global […]

DWS Investments – UK Equity Income Plus Fund

Tuesday, 25 February 2003 Type: Oeic Aim: Income and growth by investing in UK equities Minimum investment: Lump sum £1,000, monthly £25 Investment split: 100% in UK equities Isa link: Yes Pep transfers: Yes Charges: Initial 4.25% Oeics, 3.25% Isas, 3% Pep transfers, annual 1.5% Special offer: Initial charge on Oeic investments reduced from 4.25% […]

US equity income: the standout market

By James Hackman, head of US Equities at Neptune With a growing dividend market, very low payout ratios and high dividend cover, the US is one of the standout equity income markets globally. It is also one of the most unloved. James Hackman, manager of the top-performing Neptune US Income Fund, highlights six key facts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com