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Number of divorcees forced to share pensions falls to 10-year low

Pensions values up 70pc in five years and should be a top priority in any split 4 August 2021 • 6:00am The number of divorcing couples forced to share their pensions dropped by a third last year to a 10-year low, despite retirement savings ballooning during the pandemic.  More than 10,500 people were ordered to split their pensions with their former spouse in 2020, down from 15,000 in 2019, a freedom of information request submitted to the Ministry of Justice has revealed. This marked a steep and disproportionate fall given the total number of divorces only fell by 3pc, to 104,400.  Pensions should always be included in the financial settlement of any divorce as they are typically a household’s second biggest asset, after property. However, the Courts handed down the fewest pension sharing orders in more than a decade. 

ISA deadline warning: Allowances will reset tomorrow - utilise your tax incentives today | Personal Finance | Finance

READ MORE: Money Talk: Should you be switching between savings deals? The Bank of England recently kept the base rate at 0.1 percent and as a result, savers are losing out as their cash is growing at a slower rate than inflation, creating negative real returns. This low base rate has, according to Salisbury House Wealth, suppressed interest rates offered by providers, meaning savers will struggle to find competitive interest rates even when shopping around. Salisbury House Wealth detailed: “The lowest cash ISA interest rates are offered by instant access accounts at an average of just 0.25 percent, down from 1.08 percent last year.

Brexit news: Britons FURIOUS as Brexit sees 10,000 UK expats leave EU | UK | News

| UPDATED: 21:46, Mon, Feb 1, 2021 Link copied Brexit: British expats in Spain share their thoughts on leaving EU Sign up to receive our rundown of the day s top stories direct to your inbox SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. It has been suggested the trend is a consequence of losing certain citizenship rights and having to apply for an EU visa because of Brexit. This is a stark reversal of the years of outward migration that preceded Brexit. More than 10,000 British pensioners have left the bloc since the Brexit referendum in 2016.

Brexit news: 10,000 UK expat pensioners leave the EU | World | News

| UPDATED: 16:27, Sun, Jan 31, 2021 Link copied Brexit: Michel Barnier insists his ‘mission isn’t over’ Sign up to receive our rundown of the day s top stories direct to your inbox SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. It has been suggested the trend is a consequence of losing certain citizenship rights and having to apply for an EU visa because of Brexit. This is a stark reversal of the years of outward migration that preceded Brexit. More than 10,000 British pensioners have left the bloc since the Brexit referendum in 2016.

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