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child trust fund

welshkatt
welshkatt Posts: 6 Forumite
in Savings & investments
can anyone tell me where my daughter should invest the child trust fund she has recieved please

Comments

  • dunstonh
    dunstonh Posts: 120,198 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    No.

    CTF investments (rather than savings) are regulated products and recommending investment funds without meeting the FSA rules would be a breach. It is also against the board rules.

    Investing it is common sense as the savings option is wasteful given the timescale involved. How you invest it though depends on your risk profile. There are many options available here and we couldnt answer without knowing more anyway. However, your chosen provider (such as Childrens Mutual or F&C) will give infomation on the invesment funds they have available and indicate the risk profile for each one.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • tyllwyd
    tyllwyd Posts: 5,496 Forumite
    She could start by reading the advice on the child trust fund website so that she gets a better idea of her options
    http://www.childtrustfund.gov.uk/

    and Martin's guide is available to download here
    http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1138119197,900,
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