Following consultation, the government has confirmed its intention to remove the current requirement for stakeholder child trust funds to be subject to ‘lifestyling’.
Following consultation, the government has confirmed its intention to remove the current requirement for stakeholder child trust funds to be subject to ‘lifestyling’.
Lifestyling is defined as ‘the process beginning from a date on or before the child is 15 years of age, or from when the account is opened, whichever is later, and continuing until the child is 18 years of age, by which the account provider, and any relevant person, adopts an investment strategy which aims progressively to minimise the variation or potential variation in capital value of the account caused by market conditions from time to time’.
Legislation to amend the child trust funds regulations will be introduced to Parliament later this year.
Following consultation, the government has confirmed its intention to remove the current requirement for stakeholder child trust funds to be subject to ‘lifestyling’.
Following consultation, the government has confirmed its intention to remove the current requirement for stakeholder child trust funds to be subject to ‘lifestyling’.
Lifestyling is defined as ‘the process beginning from a date on or before the child is 15 years of age, or from when the account is opened, whichever is later, and continuing until the child is 18 years of age, by which the account provider, and any relevant person, adopts an investment strategy which aims progressively to minimise the variation or potential variation in capital value of the account caused by market conditions from time to time’.
Legislation to amend the child trust funds regulations will be introduced to Parliament later this year.
