ONE in five people approaching retirement does not plan to leave any inheritance behind, a report has found.
Many are already handing out cash gifts and loans to hard-pressed family members or are still trying to pay off their own loans and mortgage debt, according to Aviva's Real Retirement report.
Some 21pc of people aged between 55 and 64 in the UK said they do not expect to leave any inheritance behind.
Clive Bolton, managing director of Aviva's At Retirement business, said that in the tough economy younger family members are often reliant on their parents for financial support.
BRIDGET'S MAD ABOUT THE BOY
The title of the first Bridget Jones novel in 14 years has been announced – Mad About The Boy.
The book is Helen Fielding's third about the hapless singleton, following Bridget Jones's Diary, which was published in 1996, and sequel The Edge Of Reason in 1999.
The books sold more than 15 million copies in 40 countries and were adapted for the movies starring Renee Zellweger.
Bridget Jones: Mad About The Boy, which will be published on October 10, is set in present-day London and "represents a totally new phase in Bridget's life".
ANGER OVER CYCLONE NAME
SRI Lanka's weather service has had to apologise after naming a deadly cyclone after an ancient king who who was venerated as a god.
Political leaders and civil groups have protested at the use of King Mahasen's name.
At least 18 deaths related to Cyclone Mahasen were reported in Bangladesh, Burma and Sri Lanka.
BOMB SUSPECTS' SISTER IN COURT
A sister of the two Boston Marathon bombing suspects is facing a drug charge in New Jersey.
Bella Tsarnaeva (24) pleaded not guilty to possession of marijuana with intent to distribute.
Lawyer Mario Blanch says Tsarnaeva was arrested in December when police responded to a domestic violence report at her flat. She has received death threats since the bombings.