Majority 'financially unprepared' for relationship break down

Greater education and planning needed

clock • 2 min read

The vast majority of people say they would not be financially prepared should their relationship break down - pointing to a need for greater education and better planning, advice firm Portafina has said.

Research from the adviser found 92% of people would not be financially ready to deal with a break-up. It also found 57% of people are not open with their long-term partner about their finances. The advice business surveyed 1,000 people for its research. Portafina managing director Jamie Smith-Thompson said the results mean people should take a greater interest in financial education from a younger age to become better prepared when things go wrong in their personal life. "This would help people to have a strong understanding of money, including how to manage it and the steps you ca...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

CII CEO: PFS has moved past 'tales of woe'

CII CEO: PFS has moved past 'tales of woe'

Matthew Hill on office move and executive director appointment

Jen Frost
clock 20 April 2026 • 6 min read
News editor's view: Standard Life/Aegon UK – Another big deal to digest

News editor's view: Standard Life/Aegon UK – Another big deal to digest

The news editor's Friday Night Takeaway from 17 April

Isabel Baxter
clock 17 April 2026 • 3 min read
Feel Good Friday: Chartered financial planner to run Manchester marathon 14 months after knee surgery

Feel Good Friday: Chartered financial planner to run Manchester marathon 14 months after knee surgery

Raising money for a money literacy charity Money Ready

Professional Adviser
clock 17 April 2026 • 1 min read