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Saving for your children’s future?

12 November 2018

Discover how investment companies can help.

The Association of Investment Companies (AIC) is running an educational programme on saving for children in the run up to Christmas. We’re running a competition to win five prizes of £1,000 and 1,000 entrants will get a piggy bank, chocolate coins and stickers to decorate the piggy bank. We have a new animated video, ‘Saving for your children’s future?’, as well as our ‘Saving for children’ guide, 6 tips on saving for children and a jargon buster. 

Annabel Brodie-Smith, Communications Director of the Association of Investment Companies (AIC) said: “Christmas is a time for giving and of course children and their families want to enjoy the excitement of opening presents. But with so many financial demands being placed on young people today, it’s not surprising that many parents and grandparents are thinking about how they can help children financially for the future.

“Investment companies have been around for 150 years helping investors to save. They have strong long-term performance and spread your risk, investing in a wide range of assets across the world, all with the benefit of professional fund management.  Parents may want to consider investing in investment companies through a Junior ISA, saving scheme or child’s pension. You can invest from as little as £25 a month or from £100 for one-off investments.

“You can find out more about saving for children with investment companies on our website, including our new easy to understand animated video guide. It’s investment companies’ 150th birthday year so we have launched a competition to win five £1,000 prizes to invest in investment companies and are giving away 1,000 piggy banks, stickers and chocolate coins to competition entrants. A piggy bank is a universal symbol of saving and we hope our piggy bank ‘Penny’ will help spread the saving message in a fun way.”

Monthly investing with investment companies to 31 October 2018

  £50 regular saving over 10 years  £50 regular saving over 18 years
Sum invested £6,000 £10,800
Overall weighted average investment company ex VCTs £11,007 £32,006​

Source: AIC/Morningstar.

Lump sum investing with investment companies to 31 October 2018

  £1,000 lump sum over 10 years £1,000 lump sum over 18 years
Sum invested £1,000 £1,000
Overall weighted average investment company ex VCTs £3,554 £3,924

Source: AIC/Morningstar.

Competition

The Association of Investment Companies (AIC) has launched a competition to promote the benefits of saving for children with investment companies. Five prizes of £1,000 are available to be won to invest in investment companies. To promote the benefits of long-term saving, the first 1,000 entries to the competition will receive a children’s piggy bank. The piggy bank, named ‘Penny’, comes with information on saving for children, as well as chocolate coins and stickers to decorate your pig.

-Ends-

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Notes

  1. The Association of Investment Companies (AIC) was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment. Today, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts and other closed-ended investment companies and VCTs. The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s mission statement is to help members add value for shareholders over the longer term. The AIC has 355 members and the industry has total assets of approximately £182 billion.
  2. Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance. The value of investment company shares, and the income from them, can fall as well as rise. You may not get back the full amount invested and, in some cases, nothing at all.
  3. To stop receiving AIC press releases, please contact the communications team.

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Media enquiries

Annabel Brodie-Smith
Communications Director
Tel: 020 7282 5580
annabel.brodie-smith@theaic.co.uk
@annabelbrodies
@aicpress

Elmley de la Cour
Communications Manager
Tel: 020 7282 5583
elmley.delacour@theaic.co.uk
@aicpress

William Sanderson
Communications Executive
Tel: 020 7282 5584
william.sanderson@theaic.co.uk
@aicpress