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Family Investments CTF
Family Investments is one of the leading CTF providers in the UK and manages the accounts of over 550,000 children. The company has been providing investment opportunities to families for over 30 years and currently looks after £1.7 billion of money belonging to over 900,000 people in the UK. Family Investments' is a highly credible and trusted name as it provides Child Trust Funds for several high street names including the Post Office and Barclays.
The Family Investments CTF's are stakeholder accounts conforming to the Government guidelines for this kind of account. The annual management charges capped at 1.5% of the account value and from the child's 13th birthday onwards, funds are moved from shares to lower risk investments in order to protect the savings towards the end of the investment period. A stakeholder account isn't necessarily suitable for everyone and returns are not guaranteed, so you should ensure that this type of account suits you and your child's needs before investing your voucher. Money can be added to the account at any time and payment options are Direct Debit, Cheque, Standing Order, Telephone and Internet Banking. Family Investments is also the only stakeholder provider that gives you the facility of managing your child's CTF account online. Any money put in to the Child Trust Fund account will remain there. Only your child will be able to access it, and only at age 18.
A distinguishing feature of the Family Investments CTF is that you have the option of an ethical account which invests via an ethical investment fund where they will avoid investing your child's money in any companies who generate significant turnover from:
- Alcohol or tobacco
- Export of goods or services for military users
- Supplying ozone depleting chemicals
- Testing of cosmetics or toiletries on animals
- Using intensive farming methods
- Extracting or importing tropical hardwood
- Trade in prohibited pesticides
- Activities which significantly pollute waterways
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Please remember that because the account invests in shares the value of the account could fall as well as rise, and your child may get back less than has been invested. |
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