My Egg Nest - News Archive

Show Stories for Month: February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 August 2008 July 2007 June 2007 May 2007 April 2007

28 Feb 10	Children Aware of Recession and Family Finances
	MyEggNest News. What happens in the US tends to follow here shortly afterwards. American children are, somewhat surprisingly, aware that their country is in a recession with 7 out of 10 parents of children aged six to sixteen saying that their children understand what is happening with the economy.

25 Feb 10

80 Percent of Parents Oppose Child Trust Fund Cuts

MyEggNest News. As the politicians debate the future of Child Trust Funds, an overwhelming 80% of parents say that all children should remain eligible rather than just those from low income families. According to the survey conducted by Family Investments some 96% of parents believed that the introduction of the Child Trust Fund programme had been a good thing and had a positive influence on them saving for the future of their child.

22 Feb 10

Almost a Third of Parents Fund Adult Children

MyEggNest News. Parents are having to support their grown up children and are doing so by remortgaging their homes in increasing numbers. YUCKIES (Young Unwittingly Costly Kids) are behind around 28% of parents being coerced into raising funds to help their 18 – 30 year old offspring get a helping hand into life. Recent figures show a staggering 93% of parents are paying something towards their children's finances with around half saying that they are borrowing to achieve that goal.

16 Feb 10

Children Benefit From High-Interest Savings Accounts

MyEggNest News. Parents are being encouraged to invest wisely for the long term future of their children by seeking out the best high interest rate savings accounts. Research conducted by the Halifax has shown that, on average, children gain around £1,383.20 each year from a variety of sources. The research shows that 1/3rd of children save for a special 'something' but the Halifax advises parents to help this grow by using a short term high interest savings account.

12 Feb 10	Jump Launches New Family Podcast With The Guardian
	MyEggNest News. In a new initiative Jump, the leading Child Trust Fund provider, has teamed up with the Guardian to produce a family orientated podcast designed to touch every aspect of today's family life. Amongst topics that may be covered are saving for children, including child savings accounts and Child Trust Funds.

08 Feb 10

Long-term Saving For Children Revolutionised By Child Trust Funds

MyEggNestNews. Long-term saving for children has been revolutionised since the introduction 5 years ago of the Child Trust Fund. So claims the Children's Mutual, a leading Child Trust Fund provider. In the five years since they were introduced, 2010 will see more than 5 million children having a Child Trust Fund account. Before the introduction of Child Trust Funds just 1 in 5 parents were saving for the long term financial future of their offspring.