Aug 8 2007
Experts at the F&C Asset Management Group are advising parents to invest in equity in order to secure the financial futures of their children.
The company is convinced that "history overwhelmingly suggests" these kind of investment can generate greater returns over a long period than cash options.
And the advice to parents considering their investment options comes after F&C's own research found that only 11 per cent of people aim to cover the cost of their child's university fees through stock market investments.
"Almost half of all teenagers now go on to higher education and with some suggesting that the total cost of a three-year degree could exceed £30,000, financing future college costs is a significant challenge facing families," said Jason Hollands, head of communications at F&C.
"The message is simple; prepare as early as possible," he added.
Figures from the Tax Incentivised Savings Association showed recently that investments in child trust funds are increasing around the UK.
