F&C Investments has introduced a £25 plus VAT annual charge on its Child Trust Fund, which will come into effect from 6 April.
Previously, F&C had no initial or annual management charges for its shares Child Trust Fund plan. In a letter to clients, F&C said the charge has been put in place to cover administration costs. "Introducing...
Joining global rates team
UK consumer discretionary sector
Failed to be "open and co-operative"
Issue raised by ESMA last week