CTF discussion area

hel27n

wriggly wrote: »

Another thing, the Nationwide Stakeholder CTF is actually a Legal & General Stakeholder CTF, which actually appears to be an engage Mutual Stakeholder CTF. If you join Quidco (http://www.quidco.com), you can buy directly through engage and get £50 cashback.

I wouldn't normally suggest buying a CTF just because of the cashback, but if that is the plan you want to buy anyway...

Thanks for the feedback, I will look into Mutal Stakeholder via Quidco, anything to save a few pounds, lol.

Thanks, again.

hel27n

wriggly wrote: »

Another thing, the Nationwide Stakeholder CTF is actually a Legal & General Stakeholder CTF, which actually appears to be an engage Mutual Stakeholder CTF. If you join Quidco (http://www.quidco.com), you can buy directly through engage and get £50 cashback.

I wouldn't normally suggest buying a CTF just because of the cashback, but if that is the plan you want to buy anyway...

Sorry, can I ask where you found out that the Engage & Legal&General are the same?

wriggly

hel27n wrote: »

Sorry, can I ask where you found out that the Engage & Legal&General are the same?

I inferred it from http://www.legalandgeneral.com/investments/child-trust-fund/index.html

It doesn't make it explicit, but it would seem strange for L&G to be promoting the Engage CTF on their website if they actually had one of their own.

lovinthesavings

I know this might seem a bit short-sighted, but as I'm only looking to put in the £250 into the CTF account (no way I'm handing over huge wads of cash to my son on his 18th to do whatever he pleases with!), I'm looking for the best incentive for opening the CTF.

I've seen a few advertising Boots or Mothercare vouchers and wondered if anyone has any other details of other providers incentives? Thanks.

jessicamb

lovinthesavings wrote: »

I know this might seem a bit short-sighted, but as I'm only looking to put in the £250 into the CTF account (no way I'm handing over huge wads of cash to my son on his 18th to do whatever he pleases with!), I'm looking for the best incentive for opening the CTF.

I've seen a few advertising Boots or Mothercare vouchers and wondered if anyone has any other details of other providers incentives? Thanks.

a lot of the voucher offers I have seen are for setting up direct debits. Try the cashback sites for account opening offers.

heppy23

buba2006 wrote: »

Hi there,

I'm looking for some advise.

I open a Halifax stakeholder child trust fund in 2006.

In addition to the standard £250 i contribution £10 per month. My concern is i recently read on a forum that the Halifax shares are dropping significantly, can i and should i change this type of account?

the sub fund is Halifax UK FTSE 100 Index Tracking Fund Accumulation Share, share class D.

The value of his account is £444.43.

I'm not sure if i can even change his child trust fund.

Should i change it? Is it on track?

Any advise would be appreciated.

Cheers

I'm in the same boat, just had the statement through for my sons halifax ctf.

Value at June 07 £1229.61
Paid in £500
Value at June 08 £1539.03

So the value is £190 less than it "should be". However knowing that the FTSE (which this fund tracks) is down by 10-15% since last year.

Money coming in is from my Dad and my Sister. I understand the principle of "pound cost averaging" so I know that we are buying more while the price is low.

It's a long term thing and there is time to recover.

melimel

Hi there
I was one of the naughty ones who did not invest my son's cheque in time and was given an account. Anyway 2 years later and it's time to pull my finger out as it has made approx £10.
I have various investments in place for son already so thought I would go high risk and try to change to a shares CTF. Has anyone got any good experinece with any of the providers and any accounts or recommendations considering the current economic climate.
Thanks a lot

melimel

Hi there
I was one of the naughty ones who did not invest my son's cheque in time and was given an account. Anyway 2 years later and it's time to pull my finger out as it has made approx £10.
I have various investments in place for son already so thought I would go high risk and try to change to a shares CTF. Has anyone got any good experinece with any of the providers and any accounts or recommendations considering the current economic climate.
Thanks a lot

wriggly

melimel wrote: »

Hi there
I was one of the naughty ones who did not invest my son's cheque in time and was given an account. Anyway 2 years later and it's time to pull my finger out as it has made approx £10.
I have various investments in place for son already so thought I would go high risk and try to change to a shares CTF.

The account you will have been given is a Stakeholder account, which will be invested, at least partially, in shares. That is probably why it has gained so little. Sharemarkets have been going down for almost a year now.

Unless you're willing to be very active with managing the investments for the next 18 years, leaving it in the Stakeholder should be fine, especially if you have not added extra money to it.

abu892

OK, I've read all of the information I can find but I don't seem to be able to find the exact type of account I want, can anyone help?

What I want to be able to do is put money into a CTF account, and then select myself which shares I want to buy. What I would actually do is buy iShares (effectively listed index trackers); I know this sounds similar to stakeholder trackers but iShares seem to have lower management fees than the stakeholder trackers I've seen, and if I can do anything to save a few basis points it seems worthwhile. This is exactly what I do with my ISA allowance each year, but I don't seem to be able to find an equivalent service for CTFs.

If anyone can advise, I'd be glad to hear. Thanks