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Bid to help children make a flying start

The Scottish Investment Trust has set up a scheme for children that, unlike the child trust fund, allows access to investments at any time.

Stockplan: A Flying Start is offered by SIT Savings, a subsidiary of the Scottish Investment Trust. It is a long-term investment vehicle but its flexibility is designed to help parents fund expenses before the child is 18.

There is no investment limit to the fund and no initial or annual management charges. The child trust fund is capped at 1,200 a year.

Research conducted by SIT shows that 63 per cent of parents realise they need to save more regularly to meet education costs for their children.

Swallow Financial Planning partner Marc Ruse says: “This product might be particularly attractive to grandparents looking to invest for their grandchildren as part of structured inheritance tax planning.”


Friends slashes payouts

Friends Provident has cut bonuses on with-profits policies by up to 16 per cent. A 25-year 100 per month pension policy for a male aged 40 at entry will pay 116,759 compared with 139,281 last year.

New members for AMI

Eight new members have signed up to the Association of Mutual Insurers, bringing total membership to 21.The addition of new members means the AMI now represents almost 5 per cent of premiums of the UK insurance market, with assets under management of 71 bn and 17 m policyholdersThe new members are Communication Workers Friendly Society, […]

Trustguard appoints Tony Williams as head of compliance

Tony Williams has been appointed as head of compliance at Trustguard, the Cardiff based mortgage packager and network. Williams was previously at Trigold and Abbey.His role will be to oversee Trustguards appointed representative network and compliance services for directly authorised firms, in addition to Trustguards own internal compliance infra-structure.He takes over from Nick Battersby who, […]

Leading Edge – April 2017

There is little doubt 2017 will be a year of political uncertainty. Leading Edge is Royal London Asset Management’s regular review of investment markets. This edition explores some of the impacts that this uncertainty is having on investors, from the pitfalls of prediction within UK equity investing to the dangers of opting for convenience over […]


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