by Hilary Woodward, Honorary Senior Research Fellow, University of Bristol School of Law
Research shows that pension wealth in the UK is very unevenly distributed. In about half of couples one partner holds 90% of the pension wealth, and median pension wealth for men aged 65 to 69 averages £212,000 compared with £35,000 for women. On divorce, one of the options available to couples is to share their pension(s) through a Pension Sharing Order (PSO). Despite the inequalities in pension accumulation, and the fact that the option of pension sharing has been available for more than 20 years, the most recent research shows that only 11% divorces include a PSO and their use remains limited. (more…)