significant State Pension rights, a former pensions minister has claimed. Sir Steve Webb, a partner at pensions consultants Lane Clark & Peacock (LCP), said in the late 1990s and early 2000s there were around 4,000 divorces involving women aged over 60 each year in the UK with the annual numbers increasing ever since.
These so-called ‘silver splitters’ will have tended to come under the old State Pension system, having reached State Pension age before April 6 2016, which makes significant provision for divorced women.
If they divorce after reaching pension age, they need to notify the Department for Work and Pensions (DWP) to potentially benefit from a pension uplift, he said.
Read more on dailyrecord.co.uk