One in eight (12 percent) of under 45s who expect to inherit plan on giving some of the money to charity, according to Sanlam UK’s Generation Game report.

Among the same age group, venture philanthropy (10 percent), socially responsible investing (26 percent), and impact investing (15 percent) are also popular.

This contrasts with 20 percent, five percent and six percent respectively for over 55s.

However, 80 percent of over 55s believe it is important that their wealth is not invested in something that contravenes their own beliefs, compared with 88 percent of under...