The Child Trust Fund, to be launched in January, may not initially look like a very attractive proposition, yet there are some very sound reasons why advisers should recommend it to clients
In January the government will launch the Child Trust Fund, an investment vehicle which will run for a maximum of 18 years. Intermediaries will have an important role to play in advising people how to use this new type of investment. In our discussions with financial advisers over the last few months we have found we are consistently being asked three key things: What is the child trust fund?, How will it work? And why is it important for advisers? On the face of it, a 1.5% capped non-advice product doesn't sound very appealing, yet there are some very strong arguments for getting the CTF...
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