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Child trust fund help
Comments
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...of course if (as the OP has told me separately), the CTF was invested with a FS like the Foresters, I can well imagine it getting mostly swallowed up by fees. I fear we will get a lot more threads of this sort where people are just waking up to something that has metaphorically been left in the attic for 20 years...0
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And I could well see the FOS awarding them money if Colombia Threadneedle don't just give them a few hundred quid to go away - but it's just more evidence of people taking zero responsibility for checking up on an investment. Despite, according to the article, them having been expecting a letter for years...daveyjp said:
I think we can expect several more threads on here in the same vein...4 -
There is a great episode of the Simpsons were Flanders parents say, "You must help us, we haven't tried anything and it hasn't worked."artyboy said:
And I could well see the FOS awarding them money if Colombia Threadneedle don't just give them a few hundred quid to go away - but it's just more evidence of people taking zero responsibility for checking up on an investment. Despite, according to the article, them having been expecting a letter for years...daveyjp said:
I think we can expect several more threads on here in the same vein...3 -
I think Martin quoting the £2000 average figure is most unhelpful. Now parents who added nothing themselves and never checked how it was doing think it is realistic to expect the initial £250 to have magically turned into £20001
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Not least because some received much more, £250 was the minimum, some received £500 and a few got £1000.Reaper said:I think Martin quoting the £2000 average figure is most unhelpful. Now parents who added nothing themselves and never checked how it was doing think it is realistic to expect the initial £250 to have magically turned into £2000
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The average will also be skewed by what I suspect is a low percentage of parents who were in a position to invest and after 18 years received a 5 figure sum.0
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