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Ethical Investments For Children |
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(1st April 2008)
Parents with an interest in ethical banking may wish to consider the same ethos for their child's trust fund, according to Family Investments.
Head of savings and investment at the company, Miles Bingham, explained that ethical child trust funds CTF are "really popular" among parents.
Mr Bingham explained: "Approximately half of [direct business] is now coming through on our ethical fund. So there are a lot of parents out there who are looking to invest ethically and are coming to specialist providers."
The schemes mean that parents can invest in the future of their children, while safe in the knowledge that the money will not be used to fund "unethical" companies such as those dealing with environmentally-unfriendly chemicals or practices.
Children born after September 1st 2002 are eligible for a CTF, which includes a minimum voucher to the value of £250 to get the saving started.
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News brought to you by Start Again Finance, specialists in ethical banking, green banks, savings, loans and credit |
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