Parents looking to provide the funds for their children's education as the school term draws closer have been advised to look into making investments into the stock market .
Assets management firm BlackRock made the recommendation because it says that school fees are rising three times faster than inflation, meaning that parents may struggle to make their savings catch up with costs.
The stock market is currently giving greater returns on investments than any savings account being offered, according to the firm, but parents should be wary of falls in the FTSE .
Managing director of UK retail at BlackRock, Tony Stenning, said that well-managed absolute return funds "can provide exposure to the stock market but have also shown that they can protect the investment when stock markets fall, therefore making them an ideal home for this type of saving ".
Thousands of employees at the superstore chain Asda recently received money back off shares in its parent company Wal-Mart.
BlackRock recommends education investment
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BlackRock recommends education investment
Tue, 18 Aug 2009
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