Child's play

clock

Starting a savings plan for children can make a big difference in years to come. Andrew Tully discusses the different options

As stressed-out mums and dads fight their way through the crowds to buy the latest I-Phone or Nintendo Wii for their offspring, they may want to bear in mind that almost half of children think their parents spend too much on their Christmas presents. This sentiment was echoed by nearly a third of parents. In fact, 40% of parents admit that they would prefer to put some of this money towards saving for their children's future instead1. There are no shortage of children's savings schemes. However, just because a scheme is badged for children, doesn't mean it's necessarily a good offer. If y...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read