Pensions - Articles - Divorce day don’t let your pension be the forgotten casualty


As the first working Monday of January, commonly known as “Divorce Day” approaches, Moneyfarm is calling on couples to ensure pensions are not overlooked during separation. With retirement savings often representing one of the most valuable assets in a marriage, failing to address them can have long-term consequences.

Carina Chambers, spokesperson for Moneyfarm, warns: “Divorce isn’t just about dividing what you own today, it’s about safeguarding the life you want tomorrow. Too often, pensions are overlooked in the process, yet they can be one of the most valuable assets you share. Ignoring them could mean sacrificing decades of financial security. Even small differences in fees or entitlements can compound into tens of thousands over a lifetime. So, as you navigate the emotional and practical challenges of separation, make sure your pension isn’t the forgotten casualty. It’s not just the current number on a statement, it’s your future.”

Moneyfarm’s has a helpful guide on Pension Sharing Orders which highlights how these legal arrangements can provide a clean break and ensure both partners retain control over their retirement income.

Carina added: “The decisions you make during divorce will echo for decades. While property and savings dominate discussions and your home especially has emotional value, pensions quietly hold the key to a happy and secure future. Overlooking retirement savings could mean losing out on tens of thousands of pounds. Take control now: understand your rights, seek advice, and make pensions part of the conversation.”

Key advice from Moneyfarm:

Request a Cash Equivalent Transfer Value (CETV) early in the process
Consider a Pension Sharing Order for a fair and clean division
Factor in charges and entitlements—small differences can compound significantly over time

A handy guide can be found here

 

Back to Index


Similar News to this Story

Funding for DB schemes makes more progress at start of 2026
Fully hedged scheme sees small funding level increase over January50% hedged scheme also improves position over the monthEncouraging start to 2026 fol
Older retirees lose out falling into best/worst income gap
Older retirees have most to lose by falling into the best/worst income gap, Just Group analysis reveals·Gap between the best and worst annuity rates i
Beazley agree £8bn Zurich buyout as Iran tensions dominate
FTSE 100 scales fresh heights as its defensive qualities shine. Energy stocks and miners benefit as Middle East tensions rise. Insurer Beazley agrees

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.