Four In Five Women Do Not Consider Partner's Pension In Divorce

Study Suggests Divorcing Women May Be Underprepared For Retirement

24.11.2014

More than four women in five overlook their partner's pension when arranging a divorce settlement, according to AOL Money.

The comments focus on a Scottish Widows study which found that only half of women are saving enough for their own pensions.

The problem is exacerbated by the gender pay gap, although even women on higher incomes were found to be less likely to be saving enough for later life.

One-fifth of women in their 50s and 60s said they would need to rely on their spouse's pension, but if their marriage ends in divorce, this can leave them significantly under-financed.

Sarah Coles of AOL Money said women tend to underestimate the value of their partner's pension, with 84 per cent not considering it at all during divorce proceedings.

"If you are going through a divorce, it's vital to get a pension valuation from the provider, to understand whether pension savings are significant enough to merit more discussion when you are splitting the finances," she said.