Investing for babies (royal or not); fund managers' 'opacity and obfuscation'; and self-employed 'chaos and penury' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
A royal investment strategy for British babies The imminent arrival of a new royal baby brings the inevitable calls in the financial press - such as this piece in the Financial Times - for parents to forego spending money on a baby shower and instead invest in junior ISAs for their children's future. The article flags an ongoing concern here, however - pointing to HM Revenue & Customs statistics that show the majority of these accounts remain in cash. "Seeing as the money will be locked up for 18 years," it adds, "using the account like a stocks and shares Isa makes much more sense." ...
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