Best Child Trust Fund Provider
Those looking for the best child trust fund in which to grow their offspring’s nest egg might be interested to learn that financial advice magazine Investment Life & Pensions Moneyfacts has once again chosen the same team, for the fourth time.
Taking the accolade is The Children’s Mutual which fought off more than 70 Child Trust Fund providers, including several national banks and building societies, to win the celebrated award.
Investment Life & Pension Moneyfacts come to their decision via their own analysis, plus opinions of its IFA readership. They state that the award recognises companies that have consistently offered the most competitive products, the best levels of service and shown the greatest innovation during the last 12 months.
Tony Anderson, marketing director of The Children’s Mutual, said:
“This is a great achievement for the organisation. To win the award every year since it was introduced makes me immensely proud of the hard work and professionalism of our employees here in Tunbridge Wells and our colleagues in partner relationships in Cheltenham and Glasgow.
“We try very hard to put customers at the heart of what we do and as a result we are the choice of one in four families opening a CTF account for their children. I’m delighted that our hard work and high standards continue to be recognised by professionals in our industry too.”
Richard Ealing, editor of Investment Life & Pension Moneyfacts, said:
“The Awards have become a highly sought after accolade of excellence within the financial services sector and recognise the outstanding achievements of providers which offer the very best products and service levels. The Children’s Mutual must have a winning formula. Being presented with this prestigious award on no less than four consecutive occasions is a magnificent achievement.”
Child Trust Funds are a government initiative. It sets out to provide a tax efficient, long term savings vehicle for all eligible children and each eligible newborn child (born on, or after 1 September 2002) receives a £250 Child Trust Fund voucher, or one worth £500 for low income families). This is given by the Government when their parents register for Child Benefit. A second contribution of £250 (£500 for low income families) will be given by the government when the child reaches seven. Furthermore, parents, family and friends can all then add to this account up to a maximum value of £1,200 each year.
The Children’s Mutual is one of many tailor-made funds that offer a home for the government’s largesse. They claim to be the only UK company that specialises in long term savings for children. And they say that they are currently the choice of one in four parents for their child’s Child Trust Fund, with more than 700,000 accounts. And, they add, this expertise has led several financial institutions and family-focused high street retailers to choose The Children’s Mutual as their stakeholder Child Trust Fund provider.
Guest Article by Neil Camp
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My name is Alan Potts and I'm the Editor of the BUYability web site and Managing Director of BUYability Limited. You can connect with me or keep up to date with new posts on this blog via the following social media sites: 
