View more on these topics

Tunbridge Wells Equitable Friendly Society launches university bond

Tunbridge Wells Equitable Friendly Society is launching a university bond for parents to help students avoid overdrafts.

Students currently owe an average of £3,300 each and expect the figure to rise to £7,000 when they graduate, according to research by MORI.

The bond is a minimum 10 year saving plan which can mature in three or four lump sums, one for each year of the academic course.

Twefs&#39s marketing head David Halliday says: “We are encouraging parents of young children to take this issue seriously. Tony Blair&#39s aim is to have 50 per cent of youngsters going to university by 2010. More parents will want to provide for their children&#39s education costs in this way.”

Recommended

E D&F Man hedges its bets

ED & F Man has introduced a guaranteed equity bond that invests in a portfolio of hedge fund strategies. The maturity date and target return differs depending on which currency class has been chosen. Investments in euros will provide a return of 14 per cent a year until March 31, 2012 and investments in dollars […]

Lowering the drawbacks on annuities

The troops have stormed the castle, the revolution is approaching its climax and the campaign to abolish the compulsion to buy annuities senses victory. But before we do away with the present system, it would be sensible to have something to replace it. Nobody has yet put forward a credible alternative. There are only two […]

Britannic gets earthy with resources fund

Britannic Asset Management is connecting itself to the world&#39s natural strengths with the global resources fund. Global resources will aim to achieve long term growth. It has been designed with the experienced investor in mind who already has a portfolio and who is looking for a stable investment that will counterbalance other, more risky, investments. […]

IFA business up by a quarter at Zurich

Zurich Financial Services saw a 22 per cent leap in new business through its IFA division Zifa last year. Equivalent premium income of £221m compared with £180m the previous year. Zurich&#39s sales through IFAs have more than doubled in the past three years. New life and investment premiums were up by 17 per cent to […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment