Policy Portfolio, market maker in Traded Endowment Policies, is offering IFAs free information packs...
Policy Portfolio, market maker in Traded Endowment Policies, is offering IFAs free information packs which describe how TEPs can be used by parents struggling to pay private education fees for their children.
"Investing in their children's education is one way, at least, in which parents can plan for the future," says Brian Goldstein, managing director at Policy Portfolio. "In such circumstances parents will be looking to their IFA for an investment that offers flexibility, a low risk profile and the potential for good returns".
Goldstein believes TEPs can meet these requirements. The company estimates private education could cost around £15,000 a year, which parents tend to pay from net income.
According to Goldstein, IFAs can help parents choose TEPs which mature when a child starts school, or several polices that mature at intervals throughout their children's education. In addition, the amount of capital invested and the level of monthly premiums can also be selected.
Policy Portfolio claims the average annualised growth for its TEPs that matured during the twelve months ending June 2002 was over 8% which investors could obtain tax free by making use of their capital gains allowances.
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