Junior ISA provider The Children's ISA has launched a ‘University ISA' targeting parents concerned about university fees.
Parents can select The University ISA's range of investment options through Prudential's actively managed funds. The Children's ISA savings director, David Dawson, said: "This seemed a natural progression for us. Whereas The Children's ISA is suitable for a whole range of investors, we know many parents are particularly concerned about the financial burden of tuition fees for their children. "When you take inflation into account, for a child born today the real cost of sending of going to university could be as high as £75,000."
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes