29 November 2007
Divorcing women are losing out on a share of their husband's
pension by failing to take advantage of the pension sharing rules
introduced in 2000. The Ministry of Justice revealed that just 8%
of couples who divorce during the year to the end of September
obtained pension sharing orders, where they receive a proportion of
their partner's pension pot.
Although this figure is an increase from 6% between December
2000 and December 2006, stockbroker Killik & Co said there was
still a long way to go and warned that in the meantime a "pensions
underclass" among women was being created.