CTF discussion area

Aloeabundance

Wigglyworm -

If you find ANYTHING out about ethical investing, please PM me - I'd love to invest our babes money ethically.

Thanks!

Love
Natalie

Wiggly_Worm

This is the text from Moneybox:

"Well there are three at the moment within the
Child Trust Fund that you can choose from; two within the Children’s
Mutual from Insight. There’s actually the Evergreen Fund and also a
European Fund, so depending on if you wanted to invest into
companies in Europe, excluding the UK, or whether you’d prefer to
stay more in a UK based fund. There’s also, via the CIS, which is the
Co-Op, a Tracker, which tracks the FTSE4Good Index, which is an
ethical index, as ethical as you can get as an index. And so it’s a
Tracker effectively, so it’ll be a bit cheaper."

I have some info on the Evergreen and European funds, and to me they seem a bit vague, so I am suspicious. Will be phoning the CIS for more details, and will post here when i get them. Will dig out the other fund info too, because 'ethical' can mean what you want it to - what is unacceptable to some, may be fine for others. Me, I'm a bit strict I *think* the evergreen fund is very kind to trees, but turns a blind eye to human rights abuses, which seems a bit topsy-turvy to me.

More later...

ReportInvestor

Cash is another "ethical investment" if you don't fancy what's on offer here.

Nationwide, Britannia, Ipswich etc. use the money to fund mortgages.

isasmurf

I also understand that the Childrens Mutual will be launching a Halal CTF for Muslims in the autumn. This should be an ethical fund.

ReportInvestor

I think people could do worse than to put the 250 quid in a CTF cash fund (getting the tax free interest on this & any future parental contributions) and then choose from the full range of ethical funds for additional investments (since tax considerations on stock market investments aren't as significant for basic rate tax payers).

This could leave a parent control over some of the money.

Personally I'd do my own "lifestyling" by investing a high proportion in the stock market in the early years, 50:50 in the middle years - and only cash additions in the four years before my child reached 18.

And BTW

Full transcript of the BBC Radio 4 Moneybox programme on CTFs

curtic01

Hello feebie (middle of page 11). Did you get anywhere with your Japanese/Chinese share idea? I too want to dump the money in a high risk share account and leave it there without contributing.

rabialiones

isasmurf wrote:

I also understand that the Childrens Mutual will be launching a Halal CTF for Muslims in the autumn. This should be an ethical fund.

do you have any further info on this, if so please post as i am having problems trying to find suitable location for this.
the one you have mentioned above seems suitable

Jeet_2

Have a look on their website

http://www.thechildrensmutual.co.uk/

there is a link about from it about this.

It's called the Shariah Compliant CTF.

Little_Miss_Winner

Hi All,

(If this isnt the right board for this then can someone please move me - new to all this - sorry)

After much debate and looking into banks, investment plans etc. I decided I would invest my babys voucher with The Childrens Mutual via their BABY BOND offer.

I applied via Boots on their website, and received everything in the post yesterday. Boots were doing a promotion with the Childrens Mutual and there promotion was a book worth £250 off money-off Boots Vouchers.

This to me seemed like a good offer, and although not wanting to profit from my baby, decided that seeing as most of the banks/investments co's were vying for custom i thought well why not! :j

I received my Boots voucher book this am, and on looking through it more than 50% of the vouchers had an expiry date of Sep 05! I have already been paid this month, which means that I would have to spend all these money-off vouchers next month. Considering I had chosen to invest, and have set up an added D/D for the next 18 years, I thought that this was out of order.

I rang the Childrens Mutual who said it was nothing to do with them to ring Boots, rang Boots who said ring The CM, anyway 8 telephone calls later, a manager from Boots rang me to ask what the problem was? I explained and he basically said *TOUGH*. :mad:

I obviously know that these voucher books have all been printed at a set-time.

But my argument was that I have been mis-sold a service. By the way these vouchers consist of, spend £25 on clotes get £5 off. Spend £10 on No7 get £3 off etc etc... So to use the vouchers next month would have to spend about £400 in Boots!

I sent an email to the company explaining my disgust (more in the fact the way i was treated) - still awiting a reply.

In my opinion, I feel that this is nothing more than a scam.

Would love to hear your opinions, and as I said earlier its more about the way the companies have spoken to me, than the vouchers!

regards

MarkyMarkD

The Boots website is still pushing this. It isn't really good enough to provide vouchers sometime in August (by the time a current application has gone through) which expire at the end of September, as you say. Boots are fobbing you off and they shouldn't. Saying "terms & conditions apply" is not good enough.