Article preview: January is often referred to as ‘divorce month’ with a surge of divorce enquiries made to family lawyers at the start of each year. The factors behind this sharp rise in separations post-Christmas has been well debated. It could be the consequence of relationship pressures coming to a head over the stressful Christmas holidays, with couples holding on until the New Year before putting their plans to separate into motion. When couples get divorced, the financial implications can be especially tough – and it tends to be women who get the raw end of the deal. New research from insurer Royal London has found that divorcing women miss out when it comes to retirement wealth, especially with sharing pensions.
Why divorced women are getting a raw deal on pensions
This 721 word blog post explains why divorced women tend to be worse off when it comes to pension wealth in later life. Includes an expert comment from Royal London Director of Policy Steve Webb. Written on 7th January 2019.
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