02 October 2018

Allowing heterosexual couples to enter civil partnerships an “important step forward” in safeguarding cohabiting couples’ financial future – Royal London

3 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Personal Finance Specialist

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Commenting on this morning’s announcement that the government is to change the law to allow heterosexual couples to enter civil partnerships Royal London’s Pension Specialist, Helen Morrissey, said:

"It is great news that heterosexual couples will now be allowed to enter civil partnerships and enjoy the same legal safeguards as those afforded to married people. Not everyone wishes to marry and it is important that the government recognises this and offers cohabiting couples the option to enter a civil partnership instead. Cohabiting couples can live together for many years and raise families together and yet if one partner died the surviving partner could find themselves facing severe financial hardship as they find they are not entitled to the same pension death benefits or inheritance tax treatment for instance. This move is an important step forward and will bring peace of mind to many cohabiting couples."

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For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June.

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Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/