Aberdeen Asset Management has launched an investment plan for children linked to three of its funds....
Aberdeen Asset Management has launched an investment plan for children linked to three of its funds.
The Children's Investment Plan, which is branded with Thomas the Tank Engine, offers the S&P AAA-rated Aberdeen Sterling Bond, the A-rated UK Blue Chip and the A-rated Global Champions funds. The plan, which must be held in an adult's name until the child reaches 18, has a minimum lump sum investment of £400 or a monthly payment of £25.
The plan is being marketed through Thomas the Tank Engine products in the high street as well as being available through advisers, with initial commission payable on the underlying trusts up to the usual 3%.
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The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.