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Number of divorcees forced to share pensions falls to 10-year low

Pensions values up 70pc in five years and should be a top priority in any split
4 August 2021 • 6:00am
The number of divorcing couples forced to share their pensions dropped by a third last year to a 10-year low, despite retirement savings ballooning during the pandemic.
More than 10,500 people were ordered to split their pensions with their former spouse in 2020, down from 15,000 in 2019, a freedom of information request submitted to the Ministry of Justice has revealed. This marked a steep and disproportionate fall given the total number of divorces only fell by 3pc, to 104,400.
Pensions should always be included in the financial settlement of any divorce as they are typically a household’s second biggest asset, after property. However, the Courts handed down the fewest pension sharing orders in more than a decade. ....

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ISA deadline warning: Allowances will reset tomorrow - utilise your tax incentives today | Personal Finance | Finance

READ MORE: Money Talk: Should you be switching between savings deals?
The Bank of England recently kept the base rate at 0.1 percent and as a result, savers are losing out as their cash is growing at a slower rate than inflation, creating negative real returns.
This low base rate has, according to Salisbury House Wealth, suppressed interest rates offered by providers, meaning savers will struggle to find competitive interest rates even when shopping around.
Salisbury House Wealth detailed: “The lowest cash ISA interest rates are offered by instant access accounts at an average of just 0.25 percent, down from 1.08 percent last year. ....

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Monzo announces bank current account customers will see changes to terms and conditions | Personal Finance | Finance

Monzo announces bank current account customers will see changes to terms and conditions | Personal Finance | Finance
express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.

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Brexit news: Britons FURIOUS as Brexit sees 10,000 UK expats leave EU | UK | News

| UPDATED: 21:46, Mon, Feb 1, 2021
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Brexit: British expats in Spain share their thoughts on leaving EU
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It has been suggested the trend is a consequence of losing certain citizenship rights and having to apply for an EU visa because of Brexit. This is a stark reversal of the years of outward migration that preceded Brexit. More than 10,000 British pensioners have left the bloc since the Brexit referendum in 2016. ....

Salisbury House , United Kingdom , Tim Holmes , Co United Kingdom , Salisbury House Wealth , Privacy Notice , சாலிஸ்பரி வீடு , ஒன்றுபட்டது கிஂக்டம் , நேரம் ஹோம்ஸ் , இணை ஒன்றுபட்டது கிஂக்டம் , சாலிஸ்பரி வீடு செல்வம் , ப்ரைவஸீ அறிவிப்பு ,

Brexit news: 10,000 UK expat pensioners leave the EU | World | News

| UPDATED: 16:27, Sun, Jan 31, 2021
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Brexit: Michel Barnier insists his ‘mission isn’t over’
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It has been suggested the trend is a consequence of losing certain citizenship rights and having to apply for an EU visa because of Brexit. This is a stark reversal of the years of outward migration that preceded Brexit. More than 10,000 British pensioners have left the bloc since the Brexit referendum in 2016. ....

United Kingdom , Tim Holmes , Michel Barnier , United Kingdom Department For Work , Privacy Notice , Salisbury House Wealth , ஒன்றுபட்டது கிஂக்டம் , நேரம் ஹோம்ஸ் , ஒன்றுபட்டது கிஂக்டம் துறை க்கு வேலை , ப்ரைவஸீ அறிவிப்பு , சாலிஸ்பரி வீடு செல்வம் ,