Legal & General (L&G) has launched a stocks and shares Junior ISA which provides three investment options to contributing family and friends.
The three investment options afford different levels of risk to the investor. The lowest risk option is the The Multi Manager Balanced Trust, while the highest allows investors to pick their own funds from L&G's range of unit trusts. Moderate risk investors can opt for The Legal & General UK Index Trust, which follows the UK market. Once the Junior ISA has been opened, friends and family can contribute with an initial minimum investment of £30 for a regular direct debit. There is a £500 minimum for lump sums. If someone is already making regular contributions, or has deposited a...
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