Tisa urges CTF investment improvements

Fri, 05 Oct 2007

The Tax Incentivised Savings Association (Tisa) has urged the government to do more to invest in the future of Britain's youngsters.

According to the organisation, the authority must place additional investments into child trust funds (CTFs) at the age of secondary school to supplement those made when children are born.

Furthermore, the Tax Incentivised Savings Association said that there must be a governmental strategic plan put in place so that the investment opportunity available to parents can be maximised, offering the greatest assistance possible to all youngsters.

Tony Vine-Lott, director general of the organisation, said: "Tisa has been at the forefront of the development of CTF policy and we have looked to our 2007 PBR [pre Budget report] submission to call for more changes to make the scheme even more successfully."

In addition to these changes to the investment vehicle, the association also proposed the government make a number of amendments to the current systems regarding individual savings accounts .

Meanwhile investors may be interested to note that Close Investments has launched a new European Property Investment Portfolio.

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