Women are at higher risk of financial poverty in retirement due to a larger drop in their household income following divorce proceedings, research from Legal & General (L&G) has shown.
Divorcing couples should take advice about pension sharing when going through the separation process to ensure a fair outcome for both people, lawyers have said.
As many return to work after the Christmas break, some pension and family lawyers will be gearing up for what is known as ‘Divorce Day’, a documented annual ‘spike’ in enquiries about divorce proceedings after the festivities.