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Couples fail to discuss finances for retirement

People in relationships are failing to talk about how much money themselves and their partner will need for retirement.
According to the Prudential, only two in five couples who are aged 40 plus have talked about finances for retirement, those considering a debt management plan (DMP) will be interested to know.
Only 16 per cent of those involved in the Prudential’s survey said that they had made a detailed proposal for paying for retirement with their partner.
Brits considering a DMP were also told that a small percentage of couples (ten per cent) had gone to a financial adviser with their other half to discuss their retirement.
Another ten per cent claimed to have signed up to pension products and made retirement savings provisions.
In addition, the Prudential announced earlier that many did not have a financial plan in place in the event of their loved one’s death.
According to the financial expert, over 50 per cent of people surveyed risked missing out on a pension income if their partner died.

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