The Children's Mutual - Child Trust Fund Set To Bolster UK Economy

Store this angel in big sizeOver GBP3.5 billion could accept been injected into the UK abridgement this year if Child Trust Funds (CTFs) had been alien 18 years ago, according to new calculations appear by The Children’s Mutual (www.thechildrensmutual.co.uk/) to mark the fourth celebration of the arrangement traveling live.

The arch Child Trust Fund provider’s calculations aswell appearance that about bisected of today’s 18-year-olds could accept accustomed just over GBP9,975 each, based on absolute banal bazaar achievement back 1991 and its customers’ accumulation behaviour today. Whilst accomplished achievement is no adviser to what may appear in the approaching the abstracts accepting appear authenticate the abeyant approaching ability of the CTF, and appearance how it could accommodate a bearing of adolescent adults with cogent banking assets at age 18 which may advice accounts their aspirations and bolster the UK economy.

According to The Children’s Mutual, assurance with the CTF charcoal able admitting accepted testing bread-and-butter times. Since its birth in April 2005, added than four actor Child Trust Fund accounts accept been opened in the UK and about one actor Child Trust Funds accounts (22 per-cent) are accepting topped up consistently through account absolute debits by parents and added family.

The Children’s Mutual’s abstracts allegorize that, afore the Child Trust Fund was alien just one in 5 accouchement had a abiding accumulation account, now about 50 per-cent of families who actively abode their child’s CTF agenda with the arch CTF provider set up a absolute debit if they accessible the account. And with abounding added families now accepting added than one CTF acceptable child, top up levels a allotment of The Children’s Mutual’s barter are actual consistent, demonstrating families’ charge to the arrangement admitting the accepted climate.

Going Voucherless
The four-year celebration of the Child Trust Fund marks a key change in the appliance action as parents will no best charge to accumulation a cardboard CTF agenda in adjustment to accessible an anniversary (provided that the aggregation they accept has agreed to amend to a voucherless system).

Experts: The Children’s Mutual is the alone aggregation to specialise in accumulation and investment for children. Offering a advanced best of funds to accommodated the needs and preferences you may accept for your child’s investment.

Market leaders: One in 5 parents actively accessible their child’s Child Trust Fund with the aggregation and administer over 600,000 CTFs as at January 2009. The Children's Mutual accept added funds beneath administration in Child Trust Funds than any added provider in the UK.

Partners: Include abounding acclaimed companies such as Boots, ASDA, Mothercare, Lloyds TSB and Bounty. We’re aswell appreciative to plan with institutions committed to convalescent the lives of parents and children, such as the Royal College of Midwives.

Award-winners: Voted Moneyfacts Best Child Trust Fund provider for 2006, 2007 and 2008.

Stephanie Quantick
The Children’s Mutual
Web:www.thechildrensmutual.co.uk/
Tel:01892 775 348
Email: stephanie.quantick@thechildrensmutual.co.uk
Add: Freepost RLRZ-ZAZZ-GACY
The Children's Mutual
PO Box 2067
Gloucester
GL4 3YU