Divorce in later life
Helping divorcing couples find financial fairness in retirement
Later life divorce is on the rise and shows no signs of slowing down. In fact, one in three divorces occur after the age of 50.
Divorce can have a huge effect on a couple’s finances, especially as they approach retirement. It’s a critical time for advisers to support clients with good financial planning and sensitive advice to help them minimise financial risk and reach a fresh start.
We know divorce can be a complex subject to tackle, so we’ve worked with industry experts to create resources to support you on your advice journey.
Divorce in later life: The experts handbook
Help your clients navigate a smoother, more equitable divorce using our research, assessment of solutions and insights from industry professionals.
Just Covered Podcast
Fiona Tait and Manjit Kaur joined us for our divorce special podcast.
We discuss the value of financial advice, how to recognise financial blind spots during the process and the importance of broadening your network.
So grab yourself a cuppa and listen in..
Articles and resources
Later-life divorce: the underestimated risk to retirement plans
For many couples, the start of a new year brings a moment of reflection. Known as Divorce Day, the first working Monday of the year (5th January) typically sees a surge in divorce enquiries to solicitors across the UK.
Property wealth to fund divorce costs
Divorce can be a challenging and emotionally taxing process, particularly for couples over the age of 50. Our recent research reveals that one in 10 (11%) couples who divorce after the age of 50 use money from their property, such as from the sale of a family home or equity release, to fund the cost of their divorce.
Divorce after 50: how to protect your clients retirement
According to our research, 1 in 3 divorces happen after the age of 50. This means more people retiring as divorcees – and they need to plan accordingly.
Finding financial fairness: supporting women in later life divorce
The research is clear that women who divorce in later life often absorb most of the financial risk. What are the steps advisers can take to help women find financial fairness?