Majority 'financially unprepared' for relationship break down

Greater education and planning needed

clock • 2 min read

The vast majority of people say they would not be financially prepared should their relationship break down - pointing to a need for greater education and better planning, advice firm Portafina has said.

Research from the adviser found 92% of people would not be financially ready to deal with a break-up. It also found 57% of people are not open with their long-term partner about their finances. The advice business surveyed 1,000 people for its research. Portafina managing director Jamie Smith-Thompson said the results mean people should take a greater interest in financial education from a younger age to become better prepared when things go wrong in their personal life. "This would help people to have a strong understanding of money, including how to manage it and the steps you ca...

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 Your profession

Supporting high-net-worth families through conflict

Supporting high-net-worth families through conflict

'Advisers need to understand the emotional weight that accompanies the numbers'

Richard Montague
clock 26 May 2026 • 5 min read
Advisers say sustainable investing is set for a comeback – research

Advisers say sustainable investing is set for a comeback – research

Some 36% say sustainable investing is currently in favour

Sophia Panayi
clock 26 May 2026 • 3 min read
News editor's view: Let's give it up for the small advice firms

News editor's view: Let's give it up for the small advice firms

The news editor's Friday Night Takeaway from 22 May

Isabel Baxter
clock 22 May 2026 • 4 min read