Child Trust Fund-850000 Parents Urged to Act544m1 in Potential Growth at Risk



Family welcomes the Revenue's attempts to get the message through - John Reeve, Chief Executive, Family Investments says, "Writing to individual parents again is a sensible move and will hopefully stimulate the 850,000 people who have failed to act so far. This is the first time that parents will have been contacted directly since receiving their voucher many months ago. Our previous research showed that well over a third (37%) of busy parents hadn't got the message via the TV adverts. With time running out, parents need to act now and make a choice before their vouchers expire and the decision is taken from them."

Family Investments offers a highly recommended Stakeholder CTF product with funds managed by leading funds managers, New Star Asset Management2 and is available in over 18,000 high street locations through such organisations as the Post Office and Sainsbury's Bank.

Chief Executive, John Reeve is available this week for expert comment on Child Trust Funds.

Press Contacts:

John Reeve, CEO, Family investments, on 01273 725272

Miles Bingham, Marketing Director, Family Investments on 01273 725272

Claire Heap, Account Manager, Hill & Knowlton on 020 7413 3784

1 Based on 850,000 accounts losing one year's growth with an average top up value of £20 per month, growth at 7% and 1.5% charges applied.

2 New Star and Family investments CTF has received many recommendations this year including being the most highly ranked stakeholder account in Investors Chronicle (Feb 05) and recommended in Money Management (March 05) as one of the only products that 'stands out from the crowd'.

About Family Investments

·    Family Investments is the trading name of Family Assurance Friendly Society 8211; one of the UK s largest Friendly Societies with in excess of £1.5bn funds under management and over 650,000 members

·    Family Investments, the biggest selling Child Trust Fund provider, is available in over 18,000 high street locations - four times greater than any other provider. Family s partnerships include the Post Office, Barclays, Sainsbury s Bank, Bounty and Coventry Building Society, Bradford & Bingley, Clydesdale Bank, Northern Bank, Yorkshire Bank and the Early Learning Centre

·    In March, Family won a prestigious Parent Friendly Award from the baby charity Tommy s as 2005 Best Long Term Children s Plan Provider' for the second consecutive year

·    Family Investments is authorised and regulated by the Financial Services Authority





Child Trust Fund-850000 Parents Urged to Act544m1 in Potential Growth at Risk