Save early and often for children

Professional Adviser
clock

With school and university fees rising fast and the first step on the housing ladder becoming increasingly inaccessible it is imperative to start saving for your children as soon as possible

Saving for a child's future is not new but saving earlier is becoming an imperative. With 12 million children in the UK under the age of 16, the opportunity for professional advisers to tap this market is huge, and while as a percentage of the total population this age group is decreasing, it remains a significant opportunity. Parents have a choice. They can finance their child's future through debt, or via savings. Although not mutually exclusive strategies, the latter has distinct advantages for parents who can afford to save a little money on a regular basis to finance their children's...

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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •