View more on these topics

Child&#39s play for Baillie Gifford

Baillie Gifford has designed the Baillie Gifford children&#39s savings plan, which provides access to its range of six investment trusts.

The money invested may be used to fund, for example, school and university fees, weddings, buying a car or a home. Investors can choose from the Scottish Mortgage and trust, Monks investment trust, Mid Wynd international investment trust, Baillie Gifford Japan trust, Baillie Gifford Shin Nippon and Pacific horizon investment trust.

Scottish mortgage and trust invests in blue chips mainly in the UK but also invests internationally. Monks investment trust aims for growth by investing globally in companies such as Barclays and the US pharmaceuticals company Pfizer. Mid Wynd investment trust aims for growth and income by investing globally in companies with strong cash flows and a competitive edge over rival firms.

The Baillie Gifford Japan trust invests in medium and small Japanese companies, while the Baillie Gifford Shin Nippon trust focuses on small Japanese companies. Finally, the Pacific horizon investment trust invests in the Asia Pacific region excluding Japan, with Hong Kong and China dominating the portfolio.

The children&#39s plan is available as a designated account, where the plan is set up in an adult&#39s name on a child&#39s behalf. It is also available as a bare trust, where adults act as formal trustees.

Edinburgh Fund Managers has a similar investment trust savings plan, investIT for children, which offers 11 internally-managed investment trusts. It includes UK-specific trusts that Baillie Gifford does not provide.

According to Standard and Poor&#39s, two Baillie Gifford trusts are first quartile and none of the Edinburgh Fund Managers&#39 trusts are first quartile based on £1,000 invested on a mid-to-mid basis with net income reinvested over three years to December 16, 2002.


Anger over commission to look at compulsion

The Government is establishing an independent pension commission to look at compulsion chaired by former CBI director general Adair Turner.The move has been att-acked by Opposition MPs and some IFAs, who claim the Government is trying to bury the issue. The commission&#39s remit will be to make recommendations to ministers although they do not have […]

Cazenove merges three funds to create global fund

Cazenove Investment Managementt has merged its Japanese, North American and Pacific funds to create the global opportunities fund.This Oeic aims for capital growth by investing in a portfolio of between 60 and 80 global stocks, excluding the UK. Cazenove believes UK investors are more likely to seek exposure to their domestic market through a UK […]

Questions for the Chancellor on negative policy

In response to the Government&#39s disposition towards financial products with little or no profitability for the distributors, perhaps the readers of Money Marketing would be interested in the following letter which I have sent to the Chancellor of the Exchequer.I wonder if the Chancellor and the great and good at the Treasury really have any […]

Simpler pension regime set to &#39liberate&#39 advisers

The Green Paper&#39s simplification of the pension regime will liberate IFAs to return to being pension salesmen, according to Standard Life.The timeframe for selling a pension will be reduced from between seven and eight hours to between three and four hours, which will allow IFAs to advise clients with monthly contributions as low as £75, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm