Once pension assets have been identified and valued, the solicitors representing in a divorce and the divorcing couple will have to agree what is to be done with them as part of the financial settlement.
For many their pension is one of the most valuable assets they have. The value of any pension assets must be taken into account in any divorce settlement or on the dissolution of any civil partnership.
Clare Moffat, Head of Business Development at Royal London, talks about: *
*this webinar was recorded on Monday 12 November 2018.
The Nuffield Foundation funded study Pensions on Divorce found that there was a widespread lack of confidence amongst practitioners on the issue of pensions on divorce, poor quality pension disclosure on the court files and a substantial proportion of potentially unfair outcomes.
The project aimed to establish the Pension Advisory Group - an interdisciplinary working group - whose purpose would be to provide an in-depth analysis of how pensions on divorce should be approached, particularly in relation to valuing pensions and offsetting them against other capital assets.
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