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Recent surge in divorce fuels need for pensions advice

Easier divorce rules have fuelled a surge in online applications from couples splitting with this set to continue, a Freedom of Information request has revealed.

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Average divorce costs 18% of wealth

Affluent married individuals hold on average £791,000 in wealth, compared with £653,000 for divorced individuals, a gap of 18% according to a new report.

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Thousands risk pension poverty after divorce

One in five (19%) of divorcees will be significantly financially worse off in retirement because of a divorce, according to a new report.

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Pension Sharing Orders soar 17% in a year 

 

The number of applications for pension sharing orders has jumped 17% in the past year from 7,500 to 8,800 as pensions become increasingly contested in UK divorces, analysis by a Financial Planning firm has revealed.

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