Child Trust Funds take their first steps towards success

The Child Trust Fund is an excellent opportunity for advisers to stay in regular touch with clients and discuss areas of finance above and beyond saving for children

Although it is only 18 months since it launched, the Child Trust Fund (CTF) is already playing a major role in the nation's savings habits. While the early days for the UK's latest savings vehicle were peppered with questions over the scheme's value to advisers, the most recent figures show this youngster is making its first steps towards huge success. Just last month, HM Revenue & Customs (HMRC) published the first annual CTF figures and the statistics make interesting reading. And it is not just the statistics which add up: new research from a leading academic has shown that the CTF has ...