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&#3911% of equity investments are for school fees&#39

Eleven per cent of people are investing in equities to save for child-related costs such as school fees.

Research from Fidelity shows that the rising costs of university and private education are leading parents to save so their children do not leave university with a burden of debt.

Fidelity says the average fees for a private boarding school are now £14,500 a year based on figures from the Independent Schools Council.

Even if parents do not use private sector education, university costs are around £24,000 for an average three-year degree and living expenses.

A National Union of Students factsheet called Managing your Money warns that universities, including Oxford and Cambridge, are lobbying the Government to raise tuition fees from £3,000 to £5,000.

Fidelity says its three wealthbuilder target funds will pay out lump sums to investors when the target date is reached and are ideal savings vehicles for paying for education.

The survey was carried out for Fidelity by Mori which interviewed 378 equity investors between May and June.

Fidelity executive director Anne Davis says: “More and more parents are going to have to be prepared for the expense of education if they want to help their children avoid the crippling cost of student debt.”


Swiss Life quitting UK after deal with Unum

Swiss Life has turned its back on the UK market by selling its group income protection book and renewal rights for its group life and critical-illness cover business to Unum Provident. The deal, which sees Unum Provident become the biggest player in the UK group protection market, comes just weeks after Swiss Life said it […]

Scottish Widows – High Income Bond Assurance/Pension Fund

Type: Unit-linked fund Aim: Growth by investing in the Scottish Widows high income bond fund Minimum investment: Lump sum £5,000 via life products, lump sum £2,000, £50 a month, £600 a year via pension products Investment split: 65% high-yield bonds, 35% Government bonds Charges: Annual 1.5% Commission: Subject to negotiation Tel: 0131 6556000

&#39Digital TV limited for pensions&#39

Delays in uploading pages and general navigation problems mean consumers are less likely to use interactive digital television than the internet as a way of accessing information from the Pensions Service, according to a report this week. The report comes at the conclusion of the Department for Work and Pensions&#39 pilot interactive TV operation which […]

Proteau appointed to Standard Life board

Standard Life has appointed Jocelyn Proteau as a non-executive director, effective from August 26.The insurer says Proteau, 56, has significant experience with mutuals, gathered in the Canadian financial services sector, most recently as chairman and chief executive of the Federation des casisses populaires Desjardins de Montreal et de l&#39Ouest-du-Quebec.Standard Life chairman Sir Brian Stewart says: […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


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