Family Investments - Child Trust Fund Provider
As a family savings specialist, managing around £1.5 billion for over 900,000 people in the UK, Family Investments (http://www.familyinvestments.co.uk/)
The partnership with Post Office® Financial Services will expand Family Investments’
Family Investments own research into tax efficient products has revealed that almost a third of UK adults are unaware of the tax-efficient status of ISAs and 40% believe that CTFs are also taxed. The provider has been at the forefront of a campaign to make the CTF scheme (http://www.familyinvestments.co.uk/
John Reeve, Chief Executive of Family Investments, said: “This partnership with the Post Office is an important stage in the strategic development of Family Investments.
“Given that CTF accounts can now be converted into ISAs once a child reaches 18, those children with CTFs are the first generation of people in the UK that are able to save tax efficiently for life. As the UK’s leading CTF provider, we are committed to expanding our offering to make life-long tax efficient saving easier for families and ISAs are an important component in this.
“We were delighted to be selected by the Post Office® to provide its ISA and going forward we will be seeking similar deals with other financial organisations who appreciate the quality service we deliver. As such we have strengthened the senior team by appointing Miles Bingham to the Board of Family Investments as Business Development Director and promoting Kate Baker to the Head of Marketing.”
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