As Father’s Day approaches this weekend research has suggested that more than a third rely on their dad for pension and savings advice.
Some 36% of those surveyed by Nationwide Building Society seek advice on future finance, including retirement income from their father.

Some 59% had turn to dad for financial support in the last six months, while 41% of said they would rely on parental help for their first house or car.

The research showed how important the role of dad remains in adulthood.

While 80% said their relationship had changed over time, 83% felt their relationship was stronger now than in childhood.

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But only 41% said they felt fathers are given the credit they deserve for their support – financial and otherwise.

Stephen Leonard, Nationwide’s chief operating officer of marketing, said: “It’s clear from the research that when we’re thinking about our finances, the majority of us still rely on our parents for support – for big ticket items, but also advice on future finance.

“The research also shows he has an impact on us through the generations, shaping the relationship we have with our own children.”

Other findings included that more than three quarters of those asked said they would like to be the kind of parent their dad was, and 77% said their relationship with their dad had shaped their relationship with their own children.