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HSBC launches child trust fund

HSBC launches a child trust fund this week in response to the Government’s initiative to give children a financial head-start. HSBC’s fund will be an equities-based stakeholder account which will invest in the bank’s UK growth and income fund for the first 13 years of a child’s life. For the final five years of the trust fund, HSBC will move the funds to lower risk investments such as deposits. The maximum annual contribution is 1,200, the minimum is 10.


A consumer’s view

As the bonus season for with-profits policies gets under way, battered investors can expect little joy. Further cuts are predicted both by actuaries and IFAs, with Axa already announcing that bonuses on its Equity & Law policies will be halved from 2 per cent to 1 per cent.

Julian Gibbs

According to the Skandia Indicator, where 25 leading fund management groups give their views on world stockmarkets, the Pacific excluding Japan is the clear leader, with 15 groups being positive and the rest neutral. Most fund managers also like Europe, Japan and emerging markets but views are mixed about the UK, technology and US smaller […]


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