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

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read