Some 16 per cent of all parents believe they will have to retire later because of a need to help out their children, Brewin Dolphin has claimed.
It has an increasing number of anxious clients.
More than a quarter of parents with children under 18 anticipate that in their lifetime they will spend an average of more than £100,000 on each child and a quarter have given money to help bring up the grandchildren, creating a ‘Bank of Grandma and Granddad’.
