CTF Articles

Looking to brush up on your financial know-how? Maybe you're just in the mood for a bit of light reading? Our Hub Articles section is packed with useful information on a range of subjects including tips to help you better understand Child Trust Funds, guidance on money management and other useful topics such as wellbeing support.

Do you have anything you'd like to add to our articles page? Get in touch with your ideas and contributions. We'd love to hear from you.

University Finances – How to budget in your first year and beyond

Off to university soon? Whether you have a sizeable loan or you’re getting by on savings and the income from a part-time job, learning how to manage your money is an important life lesson that will take you through your first year and beyond.

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10 Things you need to know about Child Trust Funds

As we edge closer to the first CTF accounts maturing, the UK Government has produced some helpful information for young people who may have a CTF.

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Ethical Investment & Spending: What is it and Why You Should Consider It

Ethical spending is more than just a conscious, individual decision, though…it’s a movement – so, are you part of it? Or would you like to be?

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Money and Mental Health: Are banks doing enough during the pandemic?

There’s also no denying that our current way of life has affected the mental health of many, but is the effect on our financial lives also having a dramatic effect on our mental health?

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Do I really need to save for retirement? Teenagers’ Questions About Money: Answered

What do you do when you have a question about money? What if you had a handy guide – all about finances and how to manage them?

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The Bank Statement Challenge: Why Teens Should Try It

Has your teenager taken part in the latest TikTok viral video challenge? Or maybe they’ve raised awareness for charity by having a go at a trending Facebook experiment.

Take a look

Please Note: You must confirm you have read the key facts, before downloading this document.

Key Facts about our services and costs

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.

2. Whose products do we offer?

We offer products from the whole market

We only offer products from a limited number of companies

We only offer our own products

3. Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs.

You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.

We will provide basic advice on a limited range of stakeholder products and in order to do this we will ask some questions about your income, savings and other circumstances but we will not:

  • conduct a full assessment of your needs;
  • offer advice on whether a non-stakeholder product may be more suitable.

We can only offer products from Kingston Unity Friendly Society. These products will enable you to:

  • protect yourself and your loved ones in the event of death
  • save and invest with the added benefit of protecting yourself and your loved ones in the event of death
  • provide benefit cover in the event of sickness

4. What will you have to pay us for our services?

Normally, if you buy a financial product direct from us, there will be no payments such as commission or fees payable. If there are any commission or fees payable, we will tell you how we get paid and the amount before we carry out any business for you.

5. Who regulates us?

Kingston Unity Friendly Society, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and .the Prudential Regulation Authority. Kingston Unity Friendly Society’s FCA Registered Number is 110056.

Kingston Unity Friendly Society permitted business is advising and arranging life assurance and pensions business.

You can check this on the FCA’s Register by visiting the FCA’s website www.fsa.gov.uk/register or by contacting the FCA on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:
…in writing Write to Kingston Unity Friendly Society, Complaints Department, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ. …by phoneTelephone (01924) 240164

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Most types of insurance business are covered for 90% of the claim with no upper limit.