Nearly half (48%) of those planning to leave an inheritance to the younger generation are concerned about how they will use the money, according to a report by Sanlam UK.

New research suggests that 20% of parents – 6.9m mums and dads – have transferred assets to their children early to mitigate inheritance tax.

Millennials expect to inherit £1.2 trillion over the next 30 years, a new survey has predicted.

The retirement prospects of millions of over-50s rely on downsizing, an inheritance or a lottery win, according to new research.