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Chase de Vere counts cost of children

Chase de Vere is publishing a factsheet for well-heeled parents to make them aware of the importance of investing money for their children.

It estimates for a baby born today, a first car at 18 will cost £16,200, a gap year at 21 will cost around £15,500, a wedding £100,000 and a house £524,000.

But the IFA believes many parents do not think about the future costs of their children as they are already using up a large proportion of their income to provide for their current needs.

It has designed the guide to encourage parents to start thinking about saving for events such as school fees, first cars, gap years and weddings as soon as possible to make the cost easier to bear.

The guide takes parents through the range of savings vehicles open for investing for their children from building society accounts to friendly society saving plans, investment trusts and stakeholder pensions.

Savings and investments manager Anna Bowes says: “The sooner you start saving for events, the smaller the amount you will have to invest. The factsheet outlines the whys and wheres of investing for children and looks at a range of suitable products to consider – there is also valuable information on how to make the most out of children&#39s tax allowances.”


Sales of impaired-life annuities aid charity

IFA Carrington Investment Consultants is teaming up with the Prostate Cancer Charity to raise awareness of impaired-life annuity products.This month, the City-based IFA will pay around 20 per cent of commission or fees generated on these products to the charity, which supports pros-tate cancer sufferers, funds research into causes and treatments and raises awareness of […]

Arla offers help to root out buy-to-let rogues

Despite the boom in buy-to-let, landlords and tenants do not know whether they are dealing with a rogue or reputable letting agent, according to the Association of Residential Letting Agents.Arla says owners and tenants often do not check there are safeguards in place when they approach an agent.To help tackle this problem, Arla is offering […]

Zan lures IFAs with big up-front sums

Zurich Advice Network is aiming to secure distribution by offering IFAs 10-year deals with an initial cash sum and buyouts of up to five times annual earnings.Zan is offering the deals as it bids to tie up distribution ahead of depolarisation. Up-front payments are understood to be in the region of 50 per cent of […]

Zeros tolerance

For some time, financial advisers have been actively encouraged to study for Advanced Financial Planning qualifications.Course G70 contains the following statements:a: “Split capital investments trusts are designed to appeal to many different types of investor.”b: “The return on zeros is not guaranteed but there is a very strong likelihood that the return will be paid.”c: […]

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


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