There are three main types of Child Trust Fund (CTF) accounts:
Savings accounts
Accounts that invest in shares
Stakeholder account
Ethical accounts
Some people don’t like to invest money in businesses they don’t agree with, such as companies involved in arms, tobacco or alcohol. And some prefer to invest in companies that sell goods according to the rules of fair trade or that work to protect the environment.
All providers are required to publicise their policy about social, ethical and environmental investments, if they have one. So you may wish to ask providers about this when you are considering which account and provider to choose.
Shari'a accounts
Shari'a accounts are based on Islamic values, as defined by the principle of Shari'a law, and will not invest in areas such as alcohol, tobacco and gambling.
More about Investment
For general information about choosing an account you may also want to look at the Financial Services Authority website.
Financial Services Authority
If you would like to know more about types of investment there is information on the Investment Management Association's website you might find helpful.
The Investment Management Association's Guide for CTF
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FAQ
Further information about types of account
