IFAs should advise entire families to "ditch the embarrassment" and discuss their financial affairs together as research indicates nine out of 10 grandparents are willing to help finance a child's future, says The Children's Mutual (TCM).
Findings of the study were compiled as background research to the launch of TCM’s Growing Up Bond, which is designed as a bearer trust-based savings vehicle created to allow grandparents to put money away under terms which they set for the future of their grandchildren. White says the bond was created on the back of feedback from financial advisers who say there is demand for a product which allows grandparents to put lump sum investments, for example, into a savings package, rather than a regular savings plan. This is because research suggests 85% of grandparents are happy to help s...
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