Saving for children is now an established part of the financial planning process. But what products should IFAs recommend to best suit their clients' needs?
The child trust fund (CTF) has formally positioned saving for children in the financial planning agenda. However, some IFAs may consider its scope rather limiting when it comes to fulfilling their clients' needs for giving children the best financial start in life - currently providing a lump sum of £250 and allowing a maximum top-up of £100 a month. Parents and grandparents may feel they can offer more in the way of support to the youngsters within the family. To this end, IFAs may want to initially look for an appropriate CTF provider taking advantage of the £250 start-up voucher and the ...
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