Advisers need support with complex divorce advice

FT Adviser · Jul 29, 2022 · 20m

Unfortunately a gender pensions gap exists and men are more often than not better off in retirement then women, but divorce often plays a role in this as many do not take into account a partner’s pension.When going through a divorce the court can make a pension sharing order to provide a transfer from a spouse with a greater pension provision to the one with the lesser. But many people do not know this exists. For example, a 2021 study looking at divorcees aged 55-64 found that men had an average total private pension fund value of £100,000, while women had accrued just £19,000. On this…