CTF discussion area

I don't know much about this, but you need to start by looking at the fund that your money is invested in. I think the Scottish Friendly would invest in the Scottish Friendly Managed Growth Fund. Have a look here - you can see that it has taken a plunge so that explains why the money has gone down
http://www.citywire.co.uk/adviser/fund-and-fund-manager-performance/-/unit-trusts/balanced-managed/fund-factsheet.aspx?FundID=9378&CitywireClassSchemeID=1&CitywireClassID=27

But any investment in shares will have done a similar thing. I've got my daughter's CTF invested in the Children's Mutual in a fund that tracks the FTSE 100, and that has lost money too.
http://www.citywire.co.uk/adviser/fund-and-fund-manager-performance/-/unit-trusts/uk-all-companies/fund-factsheet.aspx?FundID=10080&CitywireClassSchemeID=1&CitywireClassID=9

The first thing you need to decide is are you happy for the money to be invested in the stock market, which means the potential for bigger growth & also bigger losses, or do you want it in a savings account, where you will know exactly what interest you are receiving. Once you've decided that, you can start looking at what the different CTF providers are offering. If you decide you want to move to a cash savings account, since you've already got the money invested in the stock market, you will need to decide whether you think now is a good time to take the money out of shares or whether you want to wait and see if the stock market recovers.

magan wrote: »

I just opened a stakeholder CTF account, and after giving my little one's cheque, I was left with nothing, dh is convinced I am supposed to get some kind of receipt. But I was told at the bank that you don't receive any kind of receipt/book/paper...etc. only a confirmation letter that will be sent on the post?

Just checking if that is the norm, is a bit weird to give a cheque to the bank and don't get a receipt for it.

I think hubby might be being a bit paranoid. By 'cheque' I assume you mean the Government voucher, if this is the case then it is only attributable to your child and I would expect you to receive an opening statment in the near future.