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PPI charges: Grandparents being used as 'holiday helpers' this summer

Consumers who wrongly incurred PPI charges may be among those who have enlisted the help of grandparents to help with childcare this summer.

In order to avoid spending vast amounts of money on childcare, many grandparents are being used as 'holiday helpers', research has shown.

A survey by insurance firm RIAS has revealed that a fifth of the UK's grandparents will be joining family trips this summer for the sole purpose of helping out with the childcare.

Janet Connor, managing director at RIAS, said: "A break away is a great opportunity for grandparents to spend quality time with their grandchildren.

"As parents feel more pressure to put longer hours in at work and cut costs at home, grandparents are increasingly stepping in when childcare is needed - they are truly family saviours."

Findings of the study also showed that 26 per cent of grandparents take their grandchildren away without their parents.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.

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