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UK. Divorcees often don’t understand pension implications – survey
No-fault divorce in England and Wales may lead to increase in separations – and financial problems
One in six divorced people said they did not realise their pension could be affected by splitting up, a survey has found.
More than a third said they made no claim on their former partner’s pension, according to the survey of more than 1,000 divorced people.
The research, carried out for Aviva, found 8% of divorcees do not have their own pension savings – and had been relying on their partner to finance their retirement.
As a result of divorce, 19% say they will be, or are, significantly worse off in retirement.
“No fault” divorce rule changes came into force in England and Wales in April – meaning married couples can start proceedings without apportioning blame.
Read more @The Guardian
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