No. The way that Children’s Bonds are managed and held is akin to being held in trust. They are held in the name of, and for the benefit, of the child (the “beneficiary”), and managed by a parent/legal guardian (the “trustee”) until the child reaches 16, at which point the child gets control. However once the child has reached the age of 16, the Bond has to be repaid at the next maturity. So for the majority of the life of the Bond it is managed almost as a trust account.
Adviser updates offer the quickest, easiest way to stay up to date with the latest news on our products, interest rates and other important developments affecting advice firms.
In order for us to send you adviser updates, please provide your contact details.