Under 20% of pensioners want to leave inheritance

Rather than leaving an inheritance, retired people expect to help their children with housing and education costs, with 26% of grandparents expecting to contribute to university fees for grandchildren. The insurer's Visions of Britain 2020 report says 51% of respondents would rather work after retirement age to keep active, with 46% citing working as a way to stave off boredom and 43% saying they need the social interaction of the workplace. Its research shows retirees draw on a number of sources of income such as savings, state pensions, employer pensions, shares and work. Equity ...