Article preview: If only my grandparents had invested the money! It’s a common regret; allocating money to cash rather than the usually faster-growing stockmarket. And a regret which is best seen with the benefit of hindsight. New figures from insurer Scottish Friendly show that grandparents could boost the pots of money they are setting aside for grandchildren by up to 30% by opting for investments rather than cash. The analysis was carried out for Scottish Friendly by the Centre for Economics and Business Research (Cebr). It found that a grandparent saving the maximum of £44,836 into a cash Junior ISA since 2011 would have made £2,241 in interest over the past nine years.
It pays for grandparents to consider investments over cash
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This 490-word blog post looks at new analysis from Scottish Friendly and Cebr which calculates the value of investing a Junior ISA instead of leaving the money in cash. Written on 13th October 2020.
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