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Case study: Investing a legacy for a minor

Investing a legacy on behalf of a child can be problematic because minors are too young to legally contract. Helen O’Hagan discusses the options. Neil’s daughter, Erin, who is four years old, has been left a legacy of £30,000 from granny Margaret who recently passed away. Erin has her own bank account where Neil puts […]

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L&G committee criticises lack of action on high legacy charges

Legal & General has received a positive report from its independent governance committee, but concerns remain over how long it is taking to rectify high charges in legacy products. While the committee, which includes former Investment Association chief executive Daniel Godfrey, ruled that overall most members are offered good value for money, excessive costs for […]

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