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Liverpool Victoria (LV=) Child Trust Funds
If you are in any doubt as to which provider, product or fund is suitable, or need any advice then please contact a suitably qualified and regulated financial adviser. Clubfinance provides an execution-only arranging service only. We do not give advice or recommendations. This enables us to rebate most of our commission on these products.
Contents
Liverpool Victoria's (LV=) Child Trust Funds
Bonus Builder Child Trust Fund (This is a non-stakeholder product)
The next step – how to arrange a Child Trust Fund through Clubfinance
Please click here for important information about Child Trust Funds
Liverpool Victoria's (LV=) Child Trust Funds
Liverpool Victoria (LV=) has two Child Trust Fund Products:
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Bonus Builder Child Trust Fund (a non-stakeholder product); and
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Stakeholder Child Trust Fund.
Bonus Builder Child Trust Fund (This is a non-stakeholder product)
Investment summary
The Bonus Builder Child Trust Fund invests in Liverpool Victoria Friendly Society’s With Profits Fund. The Fund holds shares in UK and overseas companies, fixed interest securities, property, cash and other securities. Liverpool Victoria Friendly Society is a mutual friendly society owned by its members. All distributed profits benefit the policies that are linked to the With Profits Fund. Your child will become a member of Liverpool Victoria Friendly Society. Depending on the value of the fund, if it is worth more than £2,500, Liverpool Victoria will make a gift into the fund of between £25 and £100 following the child's 10th Birthday.
Please use the links below for further details.
Liverpool Victoria (LV=) Child Trust Funds
Key Features Document
Liverpool Victoria (LV=) Child Trust Funds
Terms and Conditions
Guide to how Liverpool Victoria (LV=) manage their With Profits Fund
Charges summary
There is a one-off set-up charge of £90 deducted from additional contributions (gifts). Set up fees will not be taken from any Government Contributions (including the Voucher).
There is an annual Fund Management Charge of 1.24% of the total fund value, which is deducted from the plan.
A Market Value Adjustment may also be applied.
Please see key features document (links above) for further details.
Commission
We receive no initial (up-front) commission on the CTF voucher itself.
We receive 4% initial commission based on the value of additional contributions (gifts). However, we will give up (sacrifice) 3% to automatically increase the amount invested.
We receive 0.5% commission each year based on the value of the investment. However we will sacrifice 0.25% to automatically reduce the amounts deducted from the investment. We will rebate an additional 0.125% by cheque (or other payment method). Please note that for all Child Trust Funds, all commission rebated by cheque is rebated following the child's 18th birthday. Please see our terms of business for further details.
Investment summary
The Stakeholder Child Trust Fund initially invests in Liverpool Victoria (LV=) Investment Funds’ Growth Fund. This is normally invested in a range of blue chip, medium and smaller companies. From the child’s 13th birthday, unless instructed otherwise by you, “lifestyling” will be applied to reduce the amount invested in UK Stocks and Shares by 20% each year until the child is 18. Your child will not become a member of Liverpool Victoria Friendly Society. Please use the link below for further details.
Liverpool Victoria (LV=) Child Trust Funds
Key Features Document
Liverpool Victoria (LV=) Child Trust Funds
Terms and Conditions
Charges summary
There is no set-up charge.
There is an annual Fund Management Charge of 1.45% of the total fund value deducted from the plan. There are also other charges associated with dealing in the underlying investments. See the links above for further information:
Commission
There are no commissions payable on the stakeholder fund, therefore there is no commission to rebate. If you decide on this product there is no advantage to you to arrange this investment through Clubfinance.
Please refer to the Liverpool Victoria (LV=) web site for a detailed description of their Stakeholder Child Trust Fund.
For the purposes of opening a CTF only, the CTF voucher is sufficient evidence of identity for both the chid and the Registered Contact. However, ID checks will be required in the future when the child who owns the CTF accesses the contents of the account at age 18 or after for example.
To arrange a Liverpool Victoria (LV=) Child Trust Fund we need to e-mail you a commission statement, application form and other important information.
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