January 17, 2018 12 comments
The other day the insurance, savings and investments company Aviva published its Family Finances Report 2018, detailing ‘the hidden cost of divorce and separation’. The report was mentioned here, in this post. Amongst the numerous findings of the report were that 22 per cent of females and 15 per cent of males made no claim…
November 1, 2017 1 comment
Divorced women in the UK could be missing out on as much as £5 billion in pensions every year. In a survey of more than 10,000 people, more than half of married people said they would fight for their fair share of any jointly-owned property in the event of a divorce. More than a third…
February 13, 2017 14 comments
The nation’s most senior family judge has announced plans to step down next year. Sir James Munby, who will turn 69 in July, has been President of the Family Division since January 2013, taking over the role from Sir Nicholas Wall. A spokesman for the judiciary has now announced that he will retire in 18…
September 24, 2015 0 comments
More than half of British parents would rather maintain a more luxurious lifestyle than have their children move back home. A newly published study found that, on average, parents in the UK are around £257 a month better off once their children have left home for higher education or work. This adds up to £3,084…
September 4, 2015 0 comments
Over 18s who don’t fly the family nest are affecting their parents’ retirement plans according to a new survey. Canadian bank CIBC polled over 1,000 people who were financially supporting their adult children. Two thirds of respondents said that their children continue to depend on their financial support, with 25 per cent saying they spend…
May 11, 2015 0 comments
Some divorcees may lose out on pension benefits if they are not careful, a financial advice firm has warned. As an unintended consequence of pension reform some divorced people who had a ‘pension earmarking order’ made in their favour could lose out on the money they expect. Such orders can be made as part of…
April 28, 2015 0 comments
People who plan to retire this year are likely to be £2,100 per year worse off on average if they have been divorced, an insurance firm has claimed. Prudential publishes annual assessments of the prospects of people planning to retire over the coming 12 months. Its newly published Class of 2015 report cites the average…
April 15, 2015 0 comments
People who have been through a divorce have significantly less money when they retire than those who have not, a new study suggests. According to research from the financial services company Prudential, divorcees who plan on retiring this year are can expect an average income of £15,700 once they stop working, whereas the average income…
April 3, 2015 2 comments
A majority of parents prioritise a larger inheritance for their children over an enjoyable retirement, a new study suggests. In a survey of 2,048 British adults conducted by polling organisation Populous, many parents said they actually planned to cut down on spending in their retirement. The reason given was to maximise their children’s potential inheritance….
August 28, 2014 0 comments
A couple engaged in acrimonious divorce proceedings have spent close to £1.25 million on legal costs, a figure described as “staggering” by a High Court judge. In US v SR, the couple divorced after a 13 year marriage. The husband is British and now semi-retired, while the wife is Russian. They had three children, all…
