Most divorced women approaching retirement are without sufficient pension provision despite laws supposed to split pension pots equally between partners in a dissolved marriage.
Only 4% of women over 50 who are divorced have received a share in their partners’ pension pots, research commissioned by Norwich Union has found. This is because most divorced before the introduction of law ensuring fair distribution.
Half of women over 50 have no pension provision at all. Some 45% say they expect to rely on their partner’s income in retirement, although statistics suggest one in seven of all women will reach retirement as divorcees.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Jonathan Boyd on 020 7484 9769 or email [email protected].IFAonline
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation