You are drafting an IPS for a couple, Jane (40) and David (42), who want to save for their children's university education (starting in 12 and 15 years, respectively) and their own retirement (in 25 years). They are comfortable with moderate risk. Based on this information, what is an appropriate combined time horizon for their primary investment goals?

Question: You are drafting an IPS for a couple, Jane (40) and David (42), who want to save for their children's university education (starting in 12 and 15 years, respectively) and their own retirement (in 25 years). They are comfortable with moderate risk. Based on this information, what is an appropriate combined time horizon for their primary investment goals?

Answer options:

• Short-term (less than 5 years)
• Medium-term (5-15 years) ✅ Long-term (over 15 years)
• Mixed, with a focus on short-to-medium term needs

Correct answer: Long-term (over 15 years)

Explanation: While they have medium-term goals for education, their longest and arguably most significant goal is retirement in 25 years. The primary time horizon for their overall investment strategy should be considered long-term, incorporating all their objectives.