Best Children's Investment Scheme 2014

For children who aren't eligible for junior ISAs - or those whose parents want more control over their cash - there are children's investment plans that offer access to a variety of trusts at relatively low cost. For the third year in a row, Aberdeen's Investment Plan for Children takes the crown.

Judge Tim Cockeril, head of collectives research at Rowan Dartington, notes Aberdeen may not offer the widest selection of trusts but enough for savers to build a well-diversified portfolio of quality investments. "As an investment manager, Aberdeen has provided solid returns over many years from an approach that is often quite cautious." He adds the plan will also be affordable for many parents: "The minimum for regular savings is £30 a month and charges are low."

Baillie Gifford, which judge Gavin Haynes, managing director of Whitechurch Securities, describes as a good all-rounder, takes the runner-up position. "This savings plan provides access to selection of well-managed Baillie Gifford investment trusts, including diversified global equity investment trusts such as Scottish Mortgage and Monks, that are ideal core stockmarket holdings for someone investing for the long term for their children." With minimum contributions of £25 a month or £100 lump sum, it's accessible too.


Best Children's Investment Scheme 2014

Number of investment trusts available: 16
Minimum investment: £30 a month or £150 lump sum
Contact: 0500 00 00 40


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