Divorce cuts retirement income by £2.6k a year

People retiring this year who have been divorced can expect to retire with an average annual income of £13,800 compared with £16,400 for those who have never experienced a marriage breakdown, according to research by Prudential. The study found that 40% of those planning to retire in 2013 have been divorced, and they are, in general, less likely to have a private pension, more likely to retire with debts and less inclined to feel financially ready for retirement. This same group is also less likely to leave an inheritance; only 45% compared with 52% who have not been divorced. Prud...