CTF discussion area

RHYSDAD

I have invested my son's CTF with the Childrens Mutual under the Invesco Perpetual World Growth fund. Are there any IFA's who can advise me sharpish if i have done the right thing? My IFA seemed to think that it was the best but second and third opinions are always welcome. I am still in the cooling off period at the mo so quick replies welcome!! Many thanks!!

mercman_3

Hi all,

Have flicked through this thread with interest....

We have not as yet invested the voucher and are looking to do this ASAP....

Can any members please advise as to where best to put this voucher

Need to do this within the next 2/3 days


Regards


Pete

scw1

Is the Yorkshire Building Society any good for investing ctf voucher in?

ReportInvestor

It pays the top rate and doesn't pull (m)any tricks.

So a very good one to lock away and forget about - if such a thing exists in financial services :rolleyes:.

This assumes you want a cash account.

ourson

Hi there,

I have received my voucher and am pretty sure that I would like to invest in a stakeholder account however I am confused as to which one works the best. I was thinking either the Nationwide or yorkshire. Can any one recommend either of these?

I also think I will open a regular savers account. Am I right in thinking it is best to do this via the grandparents?

Where can I find the rates and what should I look for when choosing the account?

Thanks for you help guys

Ourson

rsanders

I'm in the same boat as you... we've got the voucher but aren't sure what to do. We're open to suggestions and hopefully a few more people will add to these posts over the next few weeks, with their ideas / experiences.

The Nationwide and Yorkshire building societies both offer Stakeholder and Cash CTF accounts. Their Cash accounts seem to offer good interest rates and have been recommended elsewhere for doing so. However, their Stakeholder accounts are NOT building society accounts...

The Nationwide's Equity Stakeholder Child Trust Fund is offered through Nationwide Unit Trust Managers Limited, a wholly-owned subsidiary of Nationwide Building Society.

The Yorkshire's Stakeholder Child Trust Fund Account is offered through engage Mutual Assurance. engage Mutual Assurance is a trading name of Homeowners Friendly Society Limited, and its wholly owned subsidiary engage Mutual Funds Limited. The equity-based stakeholder account is offered through engage Mutual Funds Limited.

As for how good they are... well, 18 years is a long time, so no-one really knows.

I keep hearing of The Children's Mutual and in particular their Baby Bond Stakeholder account. I haven't heard a bad word against it to date. Maybe others can comment otherwise?

As for a regular savings account, I think that's a good idea. We opened a Nationwide Smart Account for our daughter, mainly because we already had some Nationwide accounts of our own, and the interest rate seems pretty competitive. Your child's account will be tax free, so you don't need to get the grandparents to open it. Open it yourself, just get the grandparents to pay into it!!!

Finally, for 'what to look for' and a list of providers of CTF accounts, you might find the government's website useful.

Other 'comparison' sites include:

www.thisismoney.co.uk
www.moneysupermarket.com
www.moneyfacts.co.uk

Cheers,

Rob

mr._prude

Hi

Just got the £250 from old Gordan. Still not sure to go for cash or stake holder. Does anyone know for stake holders, if you can go through a broker to get a discount on annual charges? Don't like the through of paying 1.5% charges p.a. I see the police fund has only 1% charges

rsanders

Don't know about this one, but it looks like F&C are offering a 0.7% product:

"In line with the Government`s wish to make investments affordable for all, we also run a Child Trust Fund Stakeholder Account. Stakeholder accounts must comply with criteria set by the Government which restricts the choice of investment. The choice for investment in the Stakeholder Account is the F&C FTSE All-Share Tracker fund which is an Open Ended Investment Company (OEIC) that invests in the UK only.
There are no initial charges and a 0.7% annual plan charge."

Link

Dummie_2

Hello There

Received a statement for my DS's CTF account this week.

We paid in the voucher worth 256.00 on 10 June 05.
On 28 Nov 05 it was worth 285.14
On 27 Nov 06 it was worth 315.21

Is this good? Bad? OK?

It's with HSBC Stakeholder CTF. Shares are CTF Accumulation Shares in their UK Growth & Income Fund.

cloud_dog

At the moment you are looking at an approx return of 15%pa - would you be happy with type of return/interest? (Obviously investments can go down as well as up)

cloud_dog