Not Available in the High Street – October 201907-Oct-2019

By Philip H Yates, Consultant: Mortgages & Equity Release

Divorce rates are dropping for all age groups – except one... “The Silver Separators”

Between 2012 and 2013, overall divorce rates fell by 2.9%, but the average age of divorce has increased year-on-year since 1985, rising by nine years for both men and women. Divorce in the over 50s, known as “The Silver Separators”, is on the rise, contradicting the decline in younger age groups. 

Increases in life expectancy (a 50-year-old today is predicted, by the office of national statistics, to live to 85.5 for a man, and 88.1 for a woman), more active retirement lifestyles and changing social attitudes reducing the stigma of divorce are all contributing factors. In addition, the growth of dedicated dating sites for the over-50s has meant that later-life relationships are much more common than they might have been 20 years ago.

Cullimore Dutton are uniquely placed to help and advise "The Silver Separators".

With retirement becoming increasingly expensive, divorce in later years can present a number of financial challenges. Our financial expertise, allied with that of our experienced and accredited family law team, mean we are uniquely placed to help and advise “The Silver Separators”, both legally and financially.

Often, when couples try to separate their finances, it becomes clear that they cannot maintain the lifestyles which they are used to. The mortgage market is offering an ever-expanding range of schemes for the over 55s, these “Later Life Lending” products can provide a number of solutions for separating couples. In addition, pensions are often one of the most valuable assets in a divorce settlement, so making informed decisions about them is essential, especially amongst those divorcing later in life.

Ideally, financial advisers, (alongside divorce lawyers and mediators) should be involved as early as possible in the divorce process, so they can help divorcing parties gain clarity on the potential impact of any proposals and help them make informed decisions.

If you are considering divorce in later life, or if there is anything else you would like to discuss then please get in touch with our Independent Financial Services and Family Law teams on 01244 356 789 or email

Please note: This article is provided for information only and must not be considered as legal or financial advice. We always recommend that you seek independent financial advice before making any financial decisions.