Engage is an established financial services company with over twenty-six years in the financial services industry. In 2005 Engage Mutual Assurance was launched as a trading subsidiary of Homeowners Friendly Society Limited.
They are the UK’s leading provider of tax-free savings plans, children’s trust funds and 50+ life insurance. Engage Mutual Funds Limited is dedicated to providing value for money products that are simple and easily accessible. The products are designed to improve people’s well-being.
Engage partners with Park Row Associates and SimplyBiz in the independent financial advisor marketplace and provide an excellent level of support to meet your needs.
Engage received the Investor in People award in 2001 and has upheld this standard ever since and in 2006 its employees received a gold award for charitable contributions through its “give as you earn” scheme.
Engage child’s savings and investment solutions include two schemes, the “Engage Child Trust Fund” and the “Junior Easy Save”. Both are affordable investment and savings options.
The Engage Child Trust Fund allows your child’s savings to benefit from the latent growth of stock market-based investments; this is a stakeholder account. Features of this account include:
o No hidden fees, just a simple 1.5% annual management fee guaranteed for the life of the account.
o Accepting deposits from as little as £5 and various saving methods. Children’s trust funds are generally set at a minimum of £10.
o The growth potential of the stock market, involves the Child Trust Fund investing in a variety of stocks with different companies, this investment allocation provides reduced risk and takes advantage of the potential growth of investments in the stock market.
o The “lifestyle” option, which means that if you select this option, the money will move gradually, at the child’s age 13, from medium to high risk, then to low risk and vice versa, until the child reaches age 17 when the money is fully transferred.
Any child who is a resident of the UK and born on or after 1 September 2002, and for whom Child Benefit is claimed, is entitled to receive a £250 Children’s Trust Fund voucher from the Government, which increases to £500 for the lowest income families. On the child’s 7th birthday another payment is made to the Children’s Trust Fund, again £250 or £500 depending on family income.
Engage is the UK’s leading provider of Child Trust Funds and is committed to helping you with all the information you need to set up a Child Trust Fund. They invest in shares and units in a range of companies listed on the FTSE 100, with the aim of achieving long-term capital growth while spreading risk.
Once a contribution has been made to the Child Trust Fund, it is owned by the child and remains in the same account until the child turns eighteen; thereafter, the funds belong to that child.
