One family junior bond

My 2 children have had a One family junior bond which is invested in their sovereign 3 bond. We have been paying £10 month since birth the eldest is now 15 and the fund is worth £2306. this performance seems bit poor to me but i have little information on this. Would this be better transferred to a junior ISA with the amount of years left to go on this ??? she would possibly use this at age 18 or am i better off keeping it with them.

many thanks


  • Reaper
    Reaper Posts: 7,285 Forumite
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    Friendly Society bonds such as yours offer rather poor value due to the high charges and deductions for a small life insurance element that you probably didn't want anyway.

    At a rough calculation you have earned 3.2% pa on your investment. Not great but not disastrous either for a conservatively invested fund. Recent falls in the stock market will have made that look worse than if you had got a valuation a few months ago.

    You could switch but if it is for only a couple of years it is probably not worth it, and given current stock market volatility perhaps a cautious fund is not such a bad thing.
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