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Regular Savings

Tony 38 and Alison 36 are expatriates from UK with two children Alice two and David four. Tony works for a multinational electronics company in Hong Kong. His contract was originally for 3 years but he has recently been localized so the family will remain in Hong Kong indefinitely.  Tony 's company will pay for schooling until Alice and David reach 16 but he and his wife are both concerned about the cost of providing a University education for their children in a few years time.

Their Platinum consultant conducted a thorough analysis of Tony & Alison's situation and prioritized education planning as their number one objective. Tony & Alison agreed that they would need the equivalent of £20,000 per school year per child starting in 14 years. They made the assumption that each university course would run 4 years and so they would need to generate a pot equivalent to £160,000 in today's terms. Inflation can be very damaging to future plans and so they factored this in at 3% per annum meaning that they need to generate a fund of £242000 to meet their target. Their Consultant explained the various saving options offered by different providers and advised the need to commit to disciplined saving to avoid having to meet the costs out of earnings at a stage when Alison may no longer wish to work.

Tony and Alison completed a risk profile questionnaire which determined their attitude to risk as 'balanced' and funds were selected on this basis in line with their objectives. Tony and Alison now make a contribution of £919/month into a regular savings plan with Friends Provident International, giving them peace of mind that they will now be able to afford the education that they would like to give their children.

This case study involves these products

Capital Investment M

Regular Savings M

School Fee Planning M

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