|New parents have been advised to take advantage of Child Trust Funds (CTFs) as a way of securing a financial foundation for their offspring's future.
According to Engage Mutual, the government scheme is an effective method of guaranteeing "children have a solid financial springboard".
"CTFs mean that millions of children in the UK stand to inherit an endowment at the age of 18 without prejudice or sense of bias from society," said spokesperson Karl Elliott.
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