Investor Views: "Junior ISAs Offer Choice and Low Fees"

Private investor Rene Norskov is investing for his daughter in an ISA that charges no fees for the first year and only charges performance fees when the fund beats the benchmark

Emma Simon 22 March, 2018 | 3:28PM

Savings

For 13 years Rene Norskov had a Child Trust Fund for his daughter. This was initially with The Children’s Mutual and he opened this account with the £250 voucher provided by the Government. Over the years he has added to this to provide a small nest-egg for his daughter, Isabella.

However, the market for these CTFs shrank considerably when new accounts stopped being issued in 2011. Although existing CTFs continued, a number of providers pulled out of this market. The Children’s Mutual itself closed to new business. Norskov looked to switch the CTF “but there was not much in the way of competition between these products.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
iShares US Equity Index (UK) D Acc348.57 GBP1.42
L&G European Index I Acc480.63 GBP0.76
Orbis OEIC Global Equity Standard18.17 GBP1.34

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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