Tunbridge Wells Equitable Friendly Society is offering IFAs a schools pack to help explain to schools and parents the issues surrounding savings for children.
Twefs says the recent Government plans for the child trust fund will not help those parents who currently have a child at school. It believes these parents may have to foot the whole bill if their child goes to university.
The pack is designed to help IFAs explain to parents the need to plan ahead for their child's further education. The material looks at the financial implications of sending a child to university and the savings solutions that are available to help.
The pack includes a letter which IFAs can send to head teachers of nursery or primary schools, suggesting a presentation for the IFA to deliver to parents who want to find out more about higher education funding opportunities. The head teacher is then given the opportunity to invite the IFA to talk to parents at the school.
It also contains a guide to the financial aspects of higher education, including grants and tuition fees, and looks at ways to build up funds to support a student through higher education.
Product manager Jill Lewis-Ranwell says: “The pack helps IFAs explain the costs of higher education to parents with young children.
“With one in three teenagers opting to go to university, parents need to start thinking early about the financial implications of higher education. Parents with young children are an obvious market for IFAs to develop.”