The engage stakeholder account invests your child's money in an Open Ended Investment Company (OEIC). The OEIC is a pooled investment, which invests in shares of a spread of companies.

The money is placed initially in the engage Investment Growth Fund, which invests in shares in a spread of companies listed on the FTSE 100 index in the UK. As this is a stock market-based investment, its value can fall as well as rise. Your child may not get back all that is invested for them.

The child's cash lump sum payout at the age of 18 will depend on the investment performance, and cannot be guaranteed.

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Stakeholder Child Trust Fund Key Points

The Government have set out certain rules relating to stakeholder accounts. The stakeholder Child Trust Fund account from engage, meets all of the standards stipulated, however, this does not mean that the investment is suitable or that its performance is guaranteed.  

Key Points: 

• be predominantly stock market based; 
• an investment fund which invests in the shares of a spread of companies;
• accept payments by cheque, direct debit, standing order and direct credit;
• any payment amount from £10 upwards must be accepted;
• charges no more than 1.5% of the value of the account per year; 
• must offer Lifestyling

For full details visit the engage site www.childtrustfund.com/cambridge or pick up a pack from any of our branches.

Cambridge Building Society chooses to introduce its customers to engage Mutual Assurance for the purpose of arranging Stakeholder Child Trust Funds. engage Mutual Assurance is a trading name of engage Mutual Funds Limited, registered number 3224780. Authorised and regulated by the Financial Services Authority (FSA) registration number 181487 www.fsa.gov.uk/register/