View more on these topics

Investment trust plan builds up cash for kids

Edinburgh Fund Managers is making it easier for parents to save for their children&#39s fut ures with the launch of its InvestIT children&#39s savings plan.

Parents and grandparents can save as little as £20 a month under the plan. The company claims that a £20 monthly contribution to the average EFM investment trust over the past 18 years would today be worth £17,673.

The plan allows investors to save through a variety of EFM investment trusts in two ways. The designated acc ount allows parents or grand par-ents access to the investment before the child reaches the age of 18 while the trust acc ount is suitable for inv estors wanting only the child to have access to the proceeds of the investment at age of 18.

EFM has designed the plan in response to figures which claim to show that the numbers of parents and grand parents saving for their children&#39s futures is increasing.

The company says there may a number of reasons why this is so, from saving for wedding costs, the price of a new car or the more traditional savings goal of paying for a university education.

Edinburgh Fund Man agers marketing manager Lesley Drummond says: “People are finding that inv estment trust savings plans are an easy way of accessing the growth potential of the stockmarket.

“Parents and grandparents may have slightly different savings goals for their children or grandchildren but all want to ensure their offspring will have security as they enter adulthood.”


Edinburgh works for children&#39s future

Edinburgh Fund Managers is encouraging investors to save money for their children and grandchildren&#39s future through its dealing service for children. This savings plan enables clients to invest in a full range of 15 Edinburgh investment trusts, ranging from Edinburgh high income zero to Edinburgh US tracker. They can do this in two ways. If […]

Manor Park – Guaranteed UK Capital Growth Fund

Thursday, 23rd November 2000.Type: Guaranteed growth bond.Minimum-maximum investment: £5,000-no maximum.Term: Five years.Return: 110 per cent of capital returned in full along with 70 per cent ofaverage growth in FTSE 100 index.Commission: Initial 3 per cent.Tel: 0845 6030232.

Aberdeen Asset Managers launches new investment trust

Aberdeen Asset Managers has announced the launch of new European split capital investment trust. The European Growth & Income Trust has a planned life of six years. The trust will be invested in three main areas, 65 per cent in the continental European equity, 20 per cent in a revenue portfolio comprising an income portfolio […]

Dicing with death

The most popular game in Pension City UK – the gambling capital of the world – is very straightforward. In its simp lest form, it involves rolling a single die until you get a one, when the game stops. For each throw, you rec eive £163;1,000. So, if you get a one on the fourth […]

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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