A sound endowment for future generations

investing for children: TEPs

With the average cost of raising a child now more than the cost of the average house, parents need to start planning for their offspring's future early. The guarantees and potential for good returns offered by Teps can make them ideal

The cost to parents of raising just one child is more than £140,000, according to research from Liverpool Victoria Friendly Society. Considering this is presently more than the price of the average house in the UK, it is important parents plan early for the costs involved. Parents and grandparents will want to give their children and grandchildren the best possible start in life, but it is difficult for them to know where to invest to maximise their money's potential. A new year often provides parents with the impetus they need to reassess their investment strategy and many will no doubt ...