Recent findings have suggested that over 48% of people still consider the now obsolete Child Trust Funds (CTFs) to be the best place to invest money for their children in later life, despite the lack of competitive options available and low interest rates on offer. This view seems to reflect a misguided perception of the Continue reading…
Recent findings have revealed that the initial cost of buying a first home and getting on the property ladder is rising much quicker than average wages or rent, meaning home ownership is becoming much more unlikely for thousands of first time buyers. The cost of buying a home has risen by a staggering 73% in Continue reading…
Pocket money earned by youngsters is no longer been spent solely on toys and games, it seems, as a recent survey reveals 20% of children as young as 10 are already saving for key milestones in their lives including a car, university, starting a business or buying their first house. The harsh realities of living Continue reading…
With the tax year ending last month, thousands of people across the UK have been rushing to open an ISA or put extra money in their existing ones to take advantage of the 2012/13 allowance. But financial advisors are calling for more parents to take advantage of the benefits of a Junior ISA (JISA), to Continue reading…
A Junior ISA (JISA) is this government’s children’s savings scheme and replaces the previous Child Trust Fund (CTF) initiative that was introduced in 2005. Last month’s budget announcement brought welcomed news to the 6 million savers with the now obsolete CTF accounts – the government will consult on the future of CTFs and the possibility Continue reading…
Earlier this year, Hanley Economic Building Society slashed their Child Trust Fund (CTF) interest rates to half what they were – from 5% to 2.5%. Having previously been the top player when it comes to CTF interest rates, this has dealt a significant blow to their CTF customers, many of whom are limited with where Continue reading…
With talk of a double dip recession still fresh in the news and the realities of an economic slump affecting the majority of the UK, more young people than ever are staying at home with parents to try and save a deposit for their first home. As house prices continue to rise, many have to Continue reading…
Recent studies have revealed that university students who started their degree in Autumn 2012 will graduate with an average debt of £53,330 (LV.com). This staggering figure will no doubt cast a shadow over higher education plans for future generations, and their parents, many of whom may be called upon to support and help fund the Continue reading…
The Children’s ISA Ltd are celebrating the success of being appointed one of the main providers for the Governments new investment scheme for providing Junior ISAs for children in care. The news was announced at a launch event held at the Head Office of Action for Children in London. The event was jointly hosted by Continue reading…
Why you may want to choose Ethical for your Children. Many people are taking another look at where they invest their finances. For some, it’s not enough to look for a potential investment return over time – it’s also important to them to know how their money will be used. This increased awareness is one Continue reading…