Grandparents are making significant financial contributions to their families' lives.
Research by F&C has found that two-thirds of investors in Junior ISAs are grandparents, as they are seeking to make sure their grandkids have a solid financial footing to build upon.
On top of this, 93 per cent of people in this position are passing on their financial knowledge to youngsters by giving them advice on how to budget properly and make investments.
Tracy Fennell, Head of Marketing and Communications at F&C, said: "With ever increasing financial pressures on the average family, it is encouraging to see the number of grandparents contributing generously to the financial welfare of their grandchildren."
In 1992, the UK's saving ratio – the proportion of income which is saved – was 12 per cent, but this figure dropped to just two per cent in 2007.
This highlights how the previous generation were prudent savers and because of this, they make up the wealthiest proportion of society.
Saga Motor Insurance also found that ten per cent of grandparents do the school run at least once a week.