The Legal and General Junior ISA has launched and provides investors with three different options when investing for their children. The company is to offer the following options:
- Responds to the markets (Legal & General Multi Manager Balanced Trust)
- Follows the UK market (Legal & General UK Index Trust)
- Pick your own (access to one or more funds from Legal & General’s range of over 30)
Simon Ellis, Managing Director of Legal & General Investments, said: “Saving for a child’s future gives them a fantastic start in life, ensuring that when they reach 18, they have a lump sum to help pay for education, driving lessons or just to leave it invested.
“We have selected a range of options that we think best fit people’s investment needs and risk appetite. Investing in the stock market should be seen as a long-term process, so by starting at birth, the Junior ISA has the chance to deliver growth over 18 years, riding out any short term market volatility.”