Your Money

Q&A: Your questions answered

Q In a divorce is it compulsory to share pensions?

A no, but pension provision is often the second-largest capital asset of the marriage after the home, so it usually plays a part in a divorce settlement. However, there is no "automatic" entitlement to a spouse's pension.

Q I Have a "whole of life" assurance policy. I don't want to be paying for this for the rest of my life. What should I do?

A you can cancel it at any time for whatever reason.

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Q I've married my long-term partner. Is there any need to review our wills?

A under English law, a will is revoked at the time of marriage unless the will was made in anticipation of wedlock. Scottish law is different in that marriage does not revoke a will - however it is essential to review the will.

For more detailed advice on these topics, speak to your financial adviser. For a FREE guide to any of these issues, call 0800 544 644.


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