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Guide to saving for children

JP Morgan Fleming is publishing a guide to saving for children.

The guide comes as the firm&#39s leading fund managers are warning parents not

to wait for the Government to implement its promised child trust funds

before they start investing for their children&#39s future.

The child trust funds, which were introduced in the 2001 Labour Party

manifesto, will provide each child with an endowment at birth to be

invested until they reach the age of 18, with the amount awarded determined

by the family&#39s income.

However, some have suggested that the scheme may not get off the ground

until April 2004.

Investment trust client director Simon Crinage says: “If a parent had

invested a child trust fund allowance of £500 18 years ago in the

Fleming Claverhouse investment trust it would now be worth £5,183 –

more than enough to fund three years of university tuition fees at today&#39s



Burns-Anderson to help advisers exploit loan opportunities

Burns-Anderson is introducing two new services, B-A Mortgage Services andB-A Protect, aimed at its IFA and mortgage adviser members.B-A Mortgage Services is a mortgage club with a panel of 16 providers and arange of ancillary support services for brokers.B-A Protect is a GISCregulated service consisting of a panel of providersof products associated with mortgages such […]

Hargreaves hands 10 funds to Investec

Hargreaves Lansdown is handing over management of 10 funds to Investec Fund Managers in a move the IFA says will allow it to concentrate on its multi-manager products.Investec will take over the funds, which collectively represent around £100m under management, this week. HL says it has chosen the fund manager because of its performance, which […]

IFAs and investors disagree on markets

Almost three-quarters of IFAs believe the stockmarket will be higher in six months&#39 time, according to JPMorgan Fleming. The fund manager&#39s confidence survey, conducted last month, found that 72 per cent of IFAs believe the stockmarket will be higher in June. But in a separate survey, JPMorgan found that just 23 per cent of investors […]

Ipswich sees big rise in lending

Ipswich Building Society says its gross mortgage lending jumped to £82.3 million last year from £49.6m in 2001.Its results to end-November 2002 reveal net lending showed a similar rise to £36.9m from £17.6m. Of total lending 65 per cent was through mortgage intermediaries. It says savings were also buoyant with net investment receipts up to […]


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