Pension advice essential during divorce, research finds

The closed life fund consolidator said its study also revealed two-in-five divorced women (42%) were worse off after getting divorced.  Additionally, half of divorced women made no contributions at all to a pension scheme while married, but only one in six had rights to a pension through their ex-husband. “It’s clear that divorced women face an uncertain future in retirement,” said Shellie Wells, spokesperson for Phoenix Group.  “Not only have many given up rights to their husband’s pension provision, they have often stopped paying into their own pension plan; dipped into savings and at ...