Family Investments Child Trust Fund Review

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2.6 stars
Average rating for this product is: 2.6 out of 5

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Guest's Review of Family Investments Child Trust Fund

18th Sep 2009

Overall Rating

5 stars
  • Value for money
    5 stars

We transfered out of a with profits Child Trust Fund with LV at the bottom of the market and joined Family Investments. Has worked out really well as the LV wasn't growing at a great rate (but being with profits wasn't loosing money). As it was LV closing all their accounts no Market Reduction Value was applied and we bought many more units in the FI fund than we would have done if we'd done it when the market was high. The overall value has gone up by 11% this year so far... not bad!
For all those moaning about performance over the last 2 years, this is market based investment. If you are in the first years of the plan, the market being low is GOOD news. For each £20 you add you are buying many more units, which when the market picks up (which it is already doing) your fund will be worth much more. If you don't want this risk then choose a cash account.
Great service and great web site.

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LenderAccountDescriptionInterestAEROverdraft  
Overdraft RateOverdraft Limit
AbbeyDirect ISASave from just £1 to receive 2.00 AER (variable) tax free.Annually2.00%N/A