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DIY investor: Give a child a pension

Is there no end to the permanent revolution that has engulfed Britain’s pension system?

By Andy Davis  

File photo dated 18/09/12 of money as nearly two-thirds of people aged over 45 who are not yet retired admit to paying little or no attention to their pensions, a survey has found.

Around five years ago, I gave each of our children about the last thing anyone would put on their Christmas list: a self-invested personal pension. My rationale was simple: investment gains are a product of time and money, and the more of one you have the less of the other you’re likely to need. Children have an abundance of time and no money, so I reasoned that investing even fairly small sums over 60 years or more would make the most of the biggest advantage they enjoy:…

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