Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI refunds: Parents fork out £34bn for their adult children, research finds

Many parents could find PPI refunds come in handy as they are spending a great deal in helping out their adult children financially.

Research by Sainsbury's Finance revealed that parents forked out £34 billion last year in loans and financial gifts for their grown-up kids.

However, the research also showed that only 47 per cent of parents who support their adult children financially do not have life insurance.

Helen Williams, head of Sainsbury's Life Insurance, said: "It's a likely assumption that the need for life insurance lessens for parents as their children grow up, but a combination of rising university and living costs, a tough job market and a difficult climate for first time buyers means children are staying, to some extent, financially dependent on their parents often well into adulthood."

The Sainsbury's research revealed that over a million parents in the UK have given financial help to their children over the age of 45.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
 ADNFCR-2776-ID-800726318-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide