Abbey national and yorkshire building society among groups to release details of products
Several groups revealed details of child trust fund (CTF) offerings last week to coincide with the official launch and distribution of the first vouchers to parents. Abbey is offering both an investment and cash savings CTF, with the former investing in a Balanced International Tracking fund, rather than a single UK index. The fund's annual management charge is 1.5%. It will invest in the tracking fund until the child reaches 13, from which time funds will gradually be transferred into an interest-earning cash account. Abbey's non-stakeholder CTF will pay 5.25% gross rate/AER on balances ...
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