Four in ten set for inheritance shock

Sarah Coles

By far the majority of us expect to inherit something from our parents. For some people it's a handy nest-egg to pay off the mortgage, for others it's the only thing that will keep them solvent in retirement. For some families, inheritance may well be the most important part of their wealth (such as William and Harry), however, new research has revealed that in the real world four in ten people will get nothing.

So where has the money gone, and what can we do to protect ourselves?