Investment fund banking "one answer" to rising school fees

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Investment fund banking "one answer" to rising school fees

Parents saving for their children's school fees have been told choosing an investment fund could get them a "consistently good rate of return, while minimising risk".

Tony Stenning, managing director of UK retail at BlackRock, pointed out that school fees have risen an average 6.48 per cent annually over the past decade, which is not matched by inflation.

This means that in many circumstances outgoings such as school fees would exceed the return from a savings account.

He reasoned that people need to find investments with a higher rate of return, such as the stock market, but he recognised the risk that can often come with this.

"So what's the answer? Those saving for children's education need to generate a consistently good rate of return, whilst minimizing risk," he said.

Mr Stenning concluded that absolute return funds were "one answer" as they were protected against falls in the markets, such as the drop in the FTSE 100 in 2008.

BlackRock is a provider of global investment management, risk management and advisory services.

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