August 25, 2017 | Posted by : J Morris
Divorce rates for the over 60s are increasing, and for this age-bracket in particular it’s likely that pensions will play a significant part of the pot of assets to be divided during separation.
According to a report from the International Longevity Centre, the number of ‘silver-splitters’ increased by 85% between 1990 and 2012, with an estimated 22,000 divorces predicted by 2037 for the over 60s age-group.
Financial experts are concerned that many women of this age are failing to take their partner’s pension into account when negotiating divorce settlements, impacting significantly on their post-retirement income and resources. When accounting for individual and joint assets it’s vital to include pensions in financial negotiations as ...
August 21, 2013 | Posted by : J Morris
According to the Office for National Statistics the divorce rate for the over 60s has risen by three quarters over the last 20 years - an increase attributed to extended life expectancies, financial independence, and a more relaxed attitude towards divorce from the baby boomer generation. The figures also showed that men of retirement age are just as likely as women to file for divorce - a balance that is not seen in other age groups where men are instigators of divorce in just 30% of cases.
The number of 'silver splitters' (argh, not our buzzword!) has jumped up from around 8,500 per year in the early 90s to over 15,000 in 2011. The ONS suggested ...