Whilst divorce rates have fallen over the last 25 years, the proportion of divorcees over age 60 has followed an upward trend. These individuals are likely to have built up considerable pension assets and need the most financial advice with their divorce, even if they don’t first realise it.
Due to a lack of consistency in pension and divorce cases, the Pension Advisory Group published “A Guide to the Treatment of Pensions on Divorce” in 2019 which is the “go to” document for professionals working in this area, so throughout the presentation we explore the content to uncover best practice.
Given the Resolution body has previously estimated the Divorce & Separation market to be worth £500m p.a. to advisers, it’s likely to be an area you may wish to investigate further.