Around 26% of adults in long-term relationships have said that while they manage their lives together, their finances are kept separate, according to Legal and General (L&G).
The provider surveyed 3,000 UK adults in relationships, finding that couples wait nearly five years before managing their finances together. L&G said this means there are 8.7 million people across the UK in ‘separate account' couples, either managing their finances together but keeping them separate or managing finances completely separately. Paula Llewellyn, CEO, defined contribution and workplace savings, L&G, said: "Our research shows couples are often confident talking about short-term finances but when it comes to long-term planning, many are putting off the conversation. "Alt...
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