Child trust fund - fees

Beaker99

I've got a child trust fund with the Share Centre. I've just seen in the annual statement, they've started charging (appears from 2014 onwards) £11.99 per year to administer it..


Can anyone recommend any 'non fee' decent funds I can transfer to..


.. hopefully I can transfer!


any help gratefully received.

cloud_dog

Beaker99 wrote: »

Can anyone recommend any 'non fee' decent funds I can transfer to..

Our DD has a CTF with SelfTrade (still) although they have recently been purchased by Equiniti (I think) and do not accept transfers.

Had a quick look at BestInvest but I couldn't easily identify charges. They appear to charge based on their ISA account charges but they also appear to link the JISA to an adults ISA which I would hope means only one charge (on the ISA and not the JISA as well).

AJ Bell / YouInvest appears to have a very straightforward JISA offer, very clear and no ongoing charges, and accepts transfers. Haven't considered pro's and con's of dealing fees etc.

utigers

I'm also looking to transfer my CTF into a JISA. I do know Hargreaves Lansdown do them but was hoping to shop around on price and fund selection.

https://www.hl.co.uk/investment-services/junior-isa/ctf-transfers-to-junior-isas

Everyone charges a fee in some form.

xylophone

http://www.thisismoney.co.uk/money/investing/article-1587994/Junior-Isa-Child-Trust-Fund-How-save-invest-children.html

might be of interest.