Education Funding Plans FAQs

The Education Funding Plans FAQs we most commonly receive;

1. Which jurisdiction will the education fund be set up in?

2. Can I transfer an existing UK based plan to an overseas one?

3. Who manages the fund?

4. How secure is the fund?

5. What happens if I move country?

6. How can I be sure that all my information and financial details are handled securely?

7. What age should my children be when I start planning?

1. Which jurisdiction will the education fund be set up in?

Pryce Warner International Group education funds are available in several jurisdictions all of which are fully approved by Her Majesty’s Revenue & Customs (HMRC) requirements, these being Guernsey & The Isle of Man. Both of these locations are strictly regulated and provide our clients with well regulated jurisdictions and tax efficient solutions.

2. Can i transfer an existing UK based fund to an overseas one?

Yes, our plans are highly flexible and it will be possible to transfer funds from an existing one to a new international one.  In some cases this may require a letter of authority (LOA) from your existing provider.

3. Who manages the fund?

Pryce Warner International Group's fund managers select the underlying investment funds for each client portfolio. Each fund chosen has a long term proven quality track record of growth. Each fund within the portfolio has a dedicated fund manager of the specific fund selected. These experts research the companies that comprise the investment fund, to ensure that they offer excellent potential for growth. They alter the composition of the fund, by buying and selling the individual holding to maximise the return.

4. How secure is the fund?

Pryce Warner International Group select funds and investment products for clients which are subject to the closest and most stringent standards and in many cases are subject to investor protection structures which ensure that investments are protected against corporate failure and fund mismanagement. Portfolio Values will reflect changes in the underlying value of the investments within the portfolio.

5. What happens if I move country? 

Should you move, we would still expect to keep in contact with you through the normal methods of communication, including fax and e-mail. Using the Internet you may view your unit statements and other account information, review market summaries, contact your consultant via email and access information related to financial and investment markets.  In terms of the fund itself, as this will be based outside your country of residence it will not be directly affected by moving to a new country.

6. How can I be sure that all my information and financial details are handled securely?

With over 40 years experience in handling expat financial planning, we deeply understand how important it is to handle client's information with the utmost care and confidence. This is why all your information is stored in our secure database and is only accessible by you and your advisor.

7. What age should my children be when I start planning?

Though a plan can be started at any time, it is best to start as early as possible.  With tuition fees continuing to rise it is best to be prepared for whatever changes in tuition fees may happen in the future.