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AITC survey reveals university costs

A survey by the AITC says 40 per cent of parents are saving nothing for their child’s university eductaion while one in four children expect their parents to meet the cost.

Would-be students also expect debt on graduation to be 7,208 compared to the actual figure of 13,501 according to Barclays annual graduate debt survey.

63 per cent of parents save in a bank or building society, with only 19 per cent opting for a child trust fund. Only 7 per cent of parents invest in stocks and shares.

50 a month in the average investment trust would total 16,727 over 18 years to the end of June 2005.


Henderson sets up growth fund

Henderson Global Investors is to launch a growth and income to be run by Graham Kitchen and Andy Jones when they join the firm in October. Kitchen was recruited from Threadneedle while Jones runs Invesco Perpetual’s income and growth fund.

Roadshow dates from CSAM

Credit Suisse Asset Management has announced the dates of its 2005 multi-manager roadshow for IFAs. Robert Burdett and Gary Potter, joint heads of the firm’s multi-manager services. will be visiting 14 venues during September. It starts in Glasgow on September 5 and finishes in London on September 16.

Sirius announces partnership with Assureweb

Sirius has announced the integration of its Swift product with Assureweb aimed at saving advisers time and reducing errors in the production of quotes and submitting new business. The insurance technology provider says the partnership will be phased in this year and demonstrates its commitment to supporting the industry goal of straight through processing.It says […]


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