View more on these topics

Fidelity will not enter child trust fund market

Fidelity Investments has decided not to enter the child trust funds market at this time.

It says this is because its latest feedback indicates demand for CTFs among IFAs and its investor-base is likely to be limited at the moment.

But it will continue to monitor the progress of CTFs over the coming year.

Managing director Richard Wastcoat says: “Since announcing our intention to launch a CTF we have been conducting ongoing research and analysis.

“Unfortunately, our re-evaluation has shown that the take up from IFAs and our investor base is likely to be weaker than we first thought and, therefore, we have decided not to enter the market at this point.

“We are naturally disappointed. We continue to support the Government’s efforts to encourage savings and, as such, will monitor the market and review the situation if conditions change.”

Recommended

Correspondent’s week

Monday begins at 4am in a large, freezing house in East Devon. I had spent the weekend with my wonderful grandmother. I whisper goodbye to her and leave the house at five. Then a two-mile walk through pitch-black, pre-dawn country lanes to the station to catch the first train to London. The only sounds are […]

Glass act

PR to avoid having lunch with if you have afternoon deadlines. A dead heat between Pippa “let me wash that glass out with Champagne for you” Russell of Selestia and free-lance PR goddess Angela “Would you like a glass of wine or a G&T?” “Actually, I’ll have a bottle of gin and a bottle of […]

Europe: Domestic backdrop & China impact

By Rob Burnett, Head of European Equities In recent weeks equities have been buffeted by two shocks occurring at the same time: China’s devaluation of the renminbi and the prospect of the US Federal Reserve (Fed) raising interest rates. The market is not comfortable with the Fed raising rates at the same time that China […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com