Why choose the Scottish Friendly Child Trust Fund?
There are a number of Child Trust Fund accounts to choose from – including stocks and shares and basic deposit accounts. However, the Government is keen for people to have access to a type of investment known as a ‘Stakeholder’ account. Scottish Friendly offers a ‘ Stakeholder ‘ account which means: • It invests partly in shares to take advantage of potentially higher returns over 18 years, compared to a cash deposit account (although the value of shares can fall as well as rise, whereas capital would be protected in a deposit account) • We shift the investment emphasis from shares into fixed interest and cash around your child’s 13th birthday. This is called ‘lifestyling’ and will help protect the account during the last few years of the investment term. • It’s affordable – extra payments can be placed in the account from as little as £10 • It has low capped charges of just 1.5% per year with no up-front charges All this means our Stakeholder account offers a good balance between pote
