Foresters Friendly Society says research carried out last autumn indicates grandparents will put most money into Child Trust Funds.
Parents, by contrast, are likely to find it difficult to raise the cash necessary to lock away in the accounts on offer. About three-quarters of grandparents interviewed for the survey have said they believe children will need more financial help than in the past. Forester’s says the findings support its own view suggesting few new parents have the money to build up a nest egg for their childrent. Also, they are likely to turn to their own parents for financial advice. IFAonline
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