Australian Unity 10Invest In the News

Australian mums and dads are taking extraordinary steps to ensure their young children escape the worst of what looks to be a bleak financial future.

A growing number of worried parents are establishing savings and investment accounts for their kids – some on the day they’re born – to help fund major life events, like buying a first home.

So in demand are such modern interventions that major financial firm Australian Unity has created an investment bond specifically for this purpose.

In the few years it’s been on the market, 6000 mostly Millennial customers have signed up and accumulated a total of $115 million in managed funds for their kids.

Read the full article here.