More than sixty per cent of unmarried couples that live together wrongly believe that they have the same rights as married couples when it comes to pensions, a new survey revealed.
The government-backed Living Together campaign launched a free guide explaining how unmarried partners can avoid pension peril.
"There are a host of black holes relating to pensions that people living with their partner can fall into," says Mary Webber, cohabitation expert at the Living Together campaign, "but unfortunately most people are completely unaware of them because they assume that they have rights that they just don't have."
She says most occupational pension schemes of public sector workers pay out only to a husband, wife or close relative that is financially dependent on you, but not a live-in partner.
These issues can be overcome however, and the campaign is now urging unmarried couples to check their pension arrangements.
The Living Together campaign has published a free pensions guide explaining what couples can do to make sufficient provision for their pensions.
Unmarried couples urged to check pensions
Pensions Quote Line
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Unmarried couples urged to check pensions
Wed, 11 May 2005
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