Financial Services > Investments > Investments News

Parents missing out on child trust fund investments, figures show
Thu, 14 Aug 2008
Parents are missing out on free money because they are not using their child trust fund vouchers, new figures show.

Data released by Nationwide shows that 25 per cent of child trust fund vouchers have already expired and only 57 per cent of 'live' vouchers have been paid in so far this year.

According to the building society, this means that £248 million in vouchers and potential interest has been thrown away by parents failing to make use of the investment vouchers.

Matthew Carter, Nationwide's saving director, said: "To get the most out of the Child Trust Fund parents should invest their child's voucher early to help it achieve its full potential."

Topping up a child trust fund can help give kids a great start in life, he added.

In related news, TD Waterhouse yesterday announced that it is cutting the initial sales charge on more than 900 of the investment products it sells.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Investments Newsletter

Monthly investments news, top tips & more.

Transferring a pension

Investment Advice

Get free investments advice from authorised investments experts.

Investments Advice