People who are not comfortable talking about money are likely to get into debt. Just one in three of us feels very comfortable discussing our own finances or the finances of a loved one. A third of people also feel ashamed or stressed due to their own lack of money, Read more…
I suspect you will have read elsewhere about this case. It clarifies the court’s approach to how the sharing principle applies, particularly in relation to assets transferred between spouses during marriage and when non-matrimonial assets can become matrimonialised. The husband is now aged 72 and the wife is 57. They Read more…
Just over 103,000 partnerships were dissolved in 2023. 99 per cent were divorces; the rest were civil partnerships. These are similar numbers before the Covid pandemic. Divorce rates per 1,000 married individuals were nearly the same for both men and women. Same-sex civil partnership dissolution rates were 7.4 for men Read more…
There are 28.6 million households: 67% contain one family and 30% are a single person living alone. More people live alone than ten years ago and a larger proportion of them were aged 65 years or over. One third of men aged between 20 and 34 years live with their Read more…
Northern Ireland are looking at possibly changing their divorce laws. The current law requires couples to either go through a lengthy separation before a divorce is granted. Alternatively, proceedings can begin straight away if one person is at fault – either through desertion, adultery, or unreasonable behaviour. Relate NI calls Read more…
Divorce slashes women’s household incomes far more than men’s. Wives can expect their income to be halved in the year after ending the relationship, compared with a 30% drop for husbands. One woman complained: “Why would the settlement be a 50-50 split when my earning capability is a quarter of Read more…
The composition of families continues to change over time. The generation of women born in 1951 had 2.04 children; the generation born in 1978 have 1.95 children. The forecast is for the next generation (born in 2007) to have just 1.52 children Girls who have been born this year are Read more…
People in the UK have around 20 million small pension pots worth under £10,000 each. These small deferred pension pots have been accumulated as people change employment during their working lives. Many of the pension pots are very small and therefore expensive to run and that results in lower returns. Read more…
What the law says about dividing finances and property on divorce is lacking – including among divorcees themselves. The study, by the University of Bristol, found that less than half of ten statements were correctly identified as either true or false. The levels of understanding was only slightly better among Read more…
One in every six parents can’t spot the signs of emotional abuse. The NSPCC asked parents to identify what would count as emotional abuse. The scenarios that were wrongly identified as emotional abuse include: Being over-controlling of a child Never showing any emotions in interactions with a child Pushing a Read more…