A survey by the investment company Fidelity International has found that a third of women would not be able to cope financially if their relationship ended tomorrow.
The survey, of 2000 individuals, also found that women between the ages of 55 and 64 years old are the most likely to find themselves financially vulnerable in the event of a relationship breakdown. One reason for this, of course, is the lack of adequate pension provision.
By contrast, only about one in five men felt they would not be able to support themselves financially in the event of a relationship breakdown.
A spokesperson for Fidelity said that, in addition to typically earning less and therefore saving less, women tend to take more time off work than men, which ultimately results in less time to pay into a workplace pension.
The findings emphasise the need for expert advice in the event of marriage breakdown, to ensure the best possible financial settlement. Family Law Cafe can put you in touch with an expert. To book a free initial consultation with us click the green button at the top of this page and fill in the form, or call us on 020 3904 0506.
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