CTF discussion area

dunstonh

The childrens mutual are the provider for quite a lot of "white label" CTFs. White label means that childrens mutual are the administrator but it may have Norwich Unions logo on it or Boots on it. The marketing company would be responsible for the marketing and in this case it is Boots Insurance.

Little_Miss_Winner

I will have to await their email to see what their reply is. I hate being ripped-off! And seeing as though they promised £250 in vouchers, they actually didn't deliver the promise.
I would usually just leave it, but after finding this site am determined not to let these money-making companies walk all over me!

Hope I am doing the right thing?

PaulWesterman

If you're still dilly-dallying with your CTF voucher, you might be interested in the ASDA CTF (http://www.asdafinance.com/child-trust-fund.html), which gives you up to £25 on an Asda 'gift card' (which I am assuming is the same as vouchers for Asda).

To get £25 you must take out a 'Stakeholder' CTF and sign up for a direct debit (minimum just £5) into the CTF.

Sounds better than the Boots deal, anyway!

Cheers
Paul Westerman

Nick_C_4

Is it too late to 'cool off' and take your business elsewhere?

dunstonh

The boots deal uses childrens mutual who are generally considered to be the best provider and offer the best funds (except for childrens mutual hybrid white labels).

You mention what the parent gets but what about the child? Surely what the child gets is the most important thing. In this case you get the choice of one fund with lifestyling conversion. Thats a bit naff to be honest.

gmrsupplies

I have received my voucher but like many others on here i want to just put this somewhere and forget about it, I have just over £50 a month to invest for my baby which I will keep seperate from the voucher, please can somebody just tell me where to put it, I am coming to the end of my tether, there are that many different options out there, I am open to medium risk. I have read all through the different threads but am still struggling. so
1) where shall i put my voucher (probably the easiest question)
2) where shal i put my £50 per month, this will be at least for next 18 years.

All advice appreciated and any opinions will be greatfully received,

Thank you very much,

I know some of you will think that the answers are on the board but I have got that much on at the minute with new baby, new job, moving house etc that I am on the verge of going wappo !!!

knuckledragger

gmrsupplies,
if you want very low risk for your £50pm, use the Halifax Children's Regular Saver at 10% AER pa
http://www.halifax.co.uk/savings/home.shtml
A good rate, with drawbacks, and the money has to be moved after 12 months to get a better rate than the Save for It account that it's swept into.

jo_b_2

potogold wrote:

I will have to await their email to see what their reply is. I hate being ripped-off! And seeing as though they promised £250 in vouchers, they actually didn't deliver the promise.
I would usually just leave it, but after finding this site am determined not to let these money-making companies walk all over me!

Hope I am doing the right thing?

I agree completely. I opened an account with Natwest for a similar promotion - again £250 worth of vouchers.

My CTF was set up before the start of the tax year and I still have not received my vouchers!!! I have phoned up no less than 5 times to complain and just keep getting fobbed off.

Your post has reminded me to phone again tomorrow and ask to speak to a supervisor. These promotions should be honoured and not used to manipulate people.

Luckily, I have every intention of transferring my son's CTF to a more profitable account as soon as these vouchers have materialised but I know that most people attracted by these sort of offers won't be bothered/able to switch. :mad:

Perhaps you could try another complaint to the Childrens' Mutual, suggesting that you will be transferring your funds to another provider given their lack of goodwill re: the limited useby date on the vouchers. (I can't see that Boots will have anything to gain by responding to your complaints TBH, whereas the CM have a vested interest in you keeping your money where it is.)

Little_Miss_Winner

I have had a letter from Boots to say that the matter has been forwarded to their marketing dept. I havent lost anything, as I hadnt even sent my voucher to them (luckily) and still have the 14 days cooling off period. So if don't hear anything this week. Will be sending the cooling off form back, and investing the voucher and extra cash per month somewhere else!

It just really peed me off! :mad:

Thanks for all your replies. They have helped.

darbooka

If one decides to deposit/invest the child trust fund voucher in a Building Society account, and then at some point within the next 18 years or so the building society goes bust, into recievership or otherwise incurs some enourmous liability affecting its assets, will the funds in the Child Trust Fund account remain secure or are these funds at risk even if they are not being held in a stakeholder account?