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Child trust fund

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When my daughter was born she got £250 in test form the government which we were told how to invest. She has turned 18 and it’s now worth £4!!! How can that be. Why has she lost all the money? Should we have done something with it? Any advice? 

Comments

  • Ayr_Rage
    Ayr_Rage Posts: 2,711 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    What was the underlying investment you selected?

  • daveyjp
    daveyjp Posts: 13,530 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Who told you how to invest, did you take their advice, what was it invested in?
  • Johnjdc
    Johnjdc Posts: 396 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    If it was in an investment which produced no meaninful return, and the fees were somehow £1 a month, you lose all your money in 18 years. But as others have said you aren't giving us enough information here to answer your question.
  • Should we have done something with it?
    Read the annual statement as a minimum. Changes could have been made years ago...
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