Got any questions on investing and saving? Ask the experts at Legal & General

[EllieMumsnet]

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Savings or investing? Cash ISAs or stocks and shares ISAs? Should you invest for yourself or your children…...it’s safe to say there is a fair amount to think about when it comes to your money and it can be difficult to sift through all the information out there to find out what you really need to know. We conducted a survey last year with over 1,500 MNers & GNers and found that 18% would like to invest their money but don’t know the best way to do so and 10% don’t know the best way to save their money. With that in mind, Legal & General are here to answer any questions you have around savings and investments.

Here is some more information on Helena Morrissey from Legal & General: “Helena Morrissey DBE, Head of Personal Investing. Helena joined Legal & General in 2017 as Head of Personal Investing and has been leading the drive to ensure that the benefits of investing are better understood and widely available, with a particular focus on improving women’s financial wellbeing. Prior to joining Legal & General Helena was CEO of Newton Investment Management.”

Here is what Legal & General have to say: “A nudge in the right direction can often kick start a saving habit that can help with a more secure financial future. Getting started even with a little and often for you and/or your children can really pay off over the long term. It’s never too late to start saving and investing, so if you haven’t started yet what’s stopping you?”

Whether you have questions about the best way to begin investing, or creating an ISA account, how much you should be saving or any questions around how to save for your child’s future, ask them on the thread below and we will choose 10 for Helena to answer.

Everyone who posts their question on the thread below will be entered into a prize draw where 3 MNers will win a £100 voucher of their choice (from a list).

Thanks and good luck with the prize draw.
MNHQ

Standard Insight T&Cs Apply

Open 11/02/19 to 25/02/19. To enter please post on the thread below. One entry per person. Three prizes to be won: £100 voucher of winner’s choice chosen by random draw performed by computer process.

The value of your investments can fall as well as rise and any income from them is not guaranteed.
Legal & General (Unit Trust Managers) Limited.

Are premium bonds still worth investing in?

What is the highest interest available for child savings at present?

Why should we save (other than a pension) with someone known as an insurance and investments company such as yourself, rather than a bank. Are the "safety nets" the same, or are banks safer due to the £85k financial services compensation scheme?

Is it best to (on a low income) give my child pocket money and the choice to save herself? Or would you advise, given the fact we don't have the income to save AND give pocket money - to just pull rank and save it as it would be useful for her future?

@MNHQ are the answers ever coming to this?

Hi @Hearwegoagain, apologies for the delay, Legal & General are just finalising the answers. We will post the link to the answers on here as soon as they're ready.

Thank you for your patience

Congratulations to HannahLI, Obloodyhell and lovemyflipflops for winning £100 voucher each

One of my children has a government child trust fund. Can money be moved into a Junior isa and if it can is it sensible to do so ? He will be able to access the money at 18 I think, so is it even worth changing now as it’s only 3 years away?

Hi Everyone

Thanks for your patience on this one ! The answers are now live for you to view, please click here.

Is there a fund I can set up and contribute to that will be accessable for mainly big things like driving test, first car/insurance and university? There could be some provision for a bit of fun money for them too.