Older divorcees should beware of pensions shortfall

The alert comes on the back of recent research from the DWP, suggesting women believe it is the job of their partner to provide for retirement, while they worry instead about the needs of their family. It also finds women ‘rarely’ have a clear idea of retirement, finding it to be a remote concept, often attached to the retirement of their partner. Managing director at Financial Direction for Women, Julie Clapperton, says a flat rate pension is needed for all, with a caveat for higher earners, because whereas upon divorce women can still claim on their husband's contribution record, upo...