Rewriting Retirement: The Impact of Pension Sharing Orders on unemployed women

This year marks the 25th anniversary of pension sharing orders in this country. While this date may not loom large in many calendars, this date marked a fundamental shift in family law. Unfortunately, despite their usefulness, pension orders have not become widespread.

A 2021 Manchester University report highlighted the difficulties pensions can cause as part of divorce proceedings, particularly for women in later life.

While accurate statistics are very hard to come by, it is estimated that at the absolute highest, pension sharing orders are used in only 12% of divorce cases. That figure is open to interpretation, and the reality may be that the number of pension sharing orders is significantly lower.

In practice, this can mean that a large proportion of women going through divorce may face financial hardship in retirement.

https://todayswillsandprobate.co.uk/rewriting-retirement-the-impact-of-pension-sharing-orders-on-unemployed-women/