Why closed-ended funds could aid saving for children

The effect of fund charges over the long term make closed-ended trusts an attractive option for a child's investment, writes F&C's Ed Morse.

Most people, when they visit a financial adviser, probably do so because they have a big financial decision to make. Mortgages, pensions and retirement income might get people through your door, but they may be happier to decide whether to put £25 a month in a savings account by themselves. For this reason, investing for children has not historically been a big part of many IFAs’ business. With the exception of school fees planning – for which, as the saying goes, you have left it too late if your children have already been born – investments or savings for children have been more in the...