Clare Moffat: Roses are red, don't let cohabiting clients be blue

A Valentine’s Day look at marriage and financial planning

clock • 6 min read

Cohabitees are often not afforded the same financial planning benefits as married couples or those in a civil partnership, warns Clare Moffat, so financial advisers can have an important role to play

Valentine's Day is traditionally a time for romance and is often associated with marriage proposals. Yet Office of National Statics figures show a long-term decline in marriages and marriage rates between 1972 and 2009. While the decision on whether to marry or not is very much a personal one, cohabitees are often not afforded the same financial planning benefits as married couples or those in a civil partnership. As such, financial advisers can play an important role in helping clients to understand and plan for the implications of their decision. Pension death benefits Despite the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

HMRC gears up for an increase in criminal investigations

HMRC gears up for an increase in criminal investigations

'Criminal investigations are reserved for the most egregious cases'

John Hood
clock 17 April 2025 • 4 min read
Spring Statement sigh of relief? Don't hold your breath for the Budget

Spring Statement sigh of relief? Don't hold your breath for the Budget

'It never hurts for us to adopt the brace position'

Lee Halpin
clock 15 April 2025 • 4 min read
A new tax year for advice: 'Tax planning is not done'

A new tax year for advice: 'Tax planning is not done'

Advisers urge clients to maximise their tax breaks

Isabel Baxter
clock 08 April 2025 • 5 min read