Family Investments Child Trust Fund

Family Investments Child Trust Fund Review

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mdaley's review of Family Investments Child Trust Fund

★★★★★

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“I have twins and a small boy. Three separate funds in...”

Written on: 01/06/2008 by mdaley (1 review written)

Good Points
None.... just a lot of positive misleading ads and companies prepared to promote this bad investment for there own gain.

General Comments
I have twins and a small boy. Three separate funds in place started in 2006. The government vouchers were invested then a standing order for £10.00 per month for each child.
Over this period the stock market has regained strength from a weak position.
Over this period this fund has repeatedly shown a loss. It has actually cost me to give them my money.

Moogle's Response to mdaley's Review

Written on: 23/06/2008

I found this review unhelpful because...<br/>the reviewer's given it an overall ratingn of ten out of ten despite seeming to hate it!

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382051_Khgray's Response to mdaley's Review

Written on: 13/07/2008

In June 2006 my daughters trust fund was worth £641.86, since then I have paid in £10 per month by direct debit (just like I have done ever since we opened it up for her with the government voucher).
I was shocked to find after receiving her statement this year it is only worth £670.86, it has only gone up by £29 which means out of the £120 I paid in it actually lost (wiped out £91) that we paid in. I must admit I don't really understand stocks and shares but to lose that much money is really bad, yet they keep still sending out forms for me to 'up' the direct debit payments, I don't think so. I have in fact cancelled all payments until I find a better one to transfer it too.

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Son2005Mark's Response to mdaley's Review

Written on: 15/07/2009

This review made the same point as my review, they ask for extra investment and in the end it looks like your just going to lose it in the end as well! I totally agree with this reviewer! Although I am confused as to why the reviewer give an overall rating of 5 stars!

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Mqdaley's Response to mdaley's Review

Written on: 17/07/2009

There seems some confusion about the five stars. That was ment to be no stars but submited wrong. Read the review and all is clear....or should be. Just as an update I stopped the £10.00 direct debits for each child at the end of last year. Recent statements show a loss of about £100.00 on all policies. I do invest myself and you win some lose some but you should balance a portfolio to spread risk and falls are always opertunity for gains... at least in a managed fund. What I object to in this fund is the heavy and almost govenment backed promoting of what is and has been a complete mismanagement of childrens money.. it should be exposed and I hate the state of corrupt people and organisations that have zero integrity. What the hell has happend to principles and values ? Or am i just an idealist and greed and corruption is all we have left?

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