New national guidance for pensions on divorce

A new guide to the treatment of pensions on divorce has been published by the Pension Advisory Group (PAG).

The report brings guidance to family judges, lawyers and pension experts encouraging fairer settlements and helping to manage liability.

The guide’s creation stemmed from the need to address the wide variation of financial settlements nationally which stems from a lack of understanding of how professionals should deal with the valuation, sharing or offsetting of pension fund assets.

Next to property, pensions are often the largest asset in a divorce settlement, and their complexity is laden with risk which has in recent years caught the attention of the claims management sector. The widespread deficiency in knowledge is not only a hindrance to the client, but also leaves professionals vulnerable to potential claims being brought against them.

Executive Summary

A Guide to the
Treatment of Pensions on Divorce - full report