Women are twice as likely to leave financial planning to their partner

More than a quarter (28%) of those who leave financial planning to their partner in a survey by investment firm Hargreaves Lansdown said they had lost track of their retirement.

Sarah Coles, personal financial analyst at Hargreaves Lansdown, said that 17% of retired women could get a nasty surprise if they left the financial planning to their partner.

She added that this could also create additional problems should the couple divorce, as the less involved partner may have no idea how the retirement assets will be balanced and fairly distributed in the relationship.

She said, “There are some jobs that we hand over to our partner because he is more interested or we can’t handle it. It doesn’t matter who takes out the garbage cans or who is responsible for the vacuuming, but if we pass the long-term financial planning on to our partner, there are serious risks involved. “

Opinium interviewed 2,000 people for Hargreaves Lansdown in April.

Last week, a report from Aegon found that over half (53%) of women compared to 45% of men have no budget. The annuity and investment company’s report said a focus on short-term finances hampers women’s financial well-being.

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