Couples fail to plan for pension income in case of death of one partner

More than half of over-forties yet to retire could lose their pension if their partner dies according to a survey carried out by pension provider Prudential. The firm surveyed over 1000 adults and found that less than a fifth of participants had talked about the difference between joint or single life annuities with their other half. It also concluded that almost 40% of couples have failed to make sure that their pension income will continue to be paid out in case of the death of their partner. About 13% of those polled said they did not know what would happen to their pension income if their partner were to die.