Thousands of couples unaware of clause that could affect their pensions
manchestereveningnews.co.ukMany couples in the UK are unaware that splitting up could affect their pension, new research conducted on behalf of Aviva has revealed.
The data showed that one in every six people who have been through a divorce were unaware of the clause. Around 1,000 divorced people in the UK took part in the survey, which revealed that nearly ten per cent of those who have been divorced did not have any pension savings of their own.
This means that they rely on their former partner for finances for their own retirement, the Daily Record reports. The study also revealed that over a third of people had not made a single claim on their ex-partner’s pension.
And a further 20 per cent of those in the study said divorce had reduced their finances in retirement. READ MORE: Shell Energy announce record profits but they want to more than double my monthly bill to £409 Aviva stated that couples who are getting divorced should be more aware of the financial issues it can trigger for pensions.
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