Close Finsbury Asset Management has launched its Milestones children’s savings plan.
The plan offers a minimum investment from 25 a month or a minimum lump sum of 100, and offers a choice of investments from Close Finsbury’s range of UK, worldwide or specialist trusts and funds. Investors can choose to invest via just one trust or fund or spread the investment over a combination.
The plan is aimed at parents, grandparents and those wishing to ease a child’s financial burden. The National Union of Students currently estimates the cost of attending university at 26,430 including course and living costs over three years, while Hometrack estimates the costs of a first housing deposit at 16,100.
Close Finsbury senior marketing manger Helen Robbins says: “With the necessity to save for university fees, a deposit on a flat or to fund a gap year, parents need to start thinking about their child’s future from a very early age.”