Personal Finance News

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million

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This Week's Personal Finance News Update

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million
30/10/12 - More than half of parents are unaware of Junior ISAs
30/10/12 - Over 80% of advisers name 'cost & administration' as top employer concern
30/10/12 - Brits left with £1.4bn repair bill during 'mischief week'
29/10/12 - East of England landlords at apex of yield chart
29/10/12 - Buyers more optimistic about Scottish property market

News

17/08/2012 16:57:36

A third of Britons unlikely to leave behind an inheritance

New research has revealed that 31 per cent of Britons expect to struggle to leave behind an inheritance when they die.

Nationwide also found that 44 per cent believe they will struggle to fund their retirement, while 20 per cent are not expecting to be able to leave a mortgage-free home to their offspring.

This is at odds with the findings of Barings, which revealed that 17 per cent of people are hoping their inheritance will act as a source of retirement income.

Furthermore, Nationwide found that despite future financial uncertainty more than half had not yet started preparing.

John Wilkinson, head of protection and investments at Nationwide Building Society, had the following pensions advice: "There will only be one disastrous outcome for people's finances if they don't start putting things in place now

"The reality with financial planning is not to expect to rely on an inheritance because it may be that your parents cannot afford to leave you one that you would like."

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