We have pretty much decided to start a pension for 3yo DD which we will pay into monthly (she already has a Junior ISA for birthday money, gifts etc.)
Both DH and I have stakeholder pensions which kind of just chug along, and I get a valuation of mine every quarter. It looks like the most recommended pension at the moment for children is HL's Junior SIPP.
My problem is lack of confidence, knowledge, experience etc. in managing a SIPP - I've never done it before, and there's the added pressure of doing it on behalf of DD! Is it easy to do? Will I have to spend a huge amount of time looking at the financial pages, and nipping off to the loos at work to move the money from A to B?!
This lack of confidence is making me want to stay within my comfort zone and just set her up with an easier stakeholder, which I may be more comfortable with, but which may not be the best thing for her money....
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4 replies
IpsyUpsyDaisyDo · 21/07/2015 13:37
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