Archive of: September, 2020

For many years, there had been little standardised guidance around splitting pensions. This meant it could be tough for family judges, lawyers and pension experts to ensure fair settlements for separating or divorcing couples.

One area of family law which has recently come to prominence has been the splitting of pensions.

After divorce or separation it may be necessary to reach agreements on how to divide financial assets, which may include future or current pensions.

In the past it has been recognised that unfairness in family law cases can result, when the division of pensions and financial settlements show a wide variation nationally.

This was attributed to poor understanding of how legal professionals should deal with the valuation, sharing or offsetting of pension fund assets.

Divorce or separation is an emotional and distressing time, which may throw up issues such as anger, grief, loss and abandonment.

Resolution have produced a helpful “Parenting Charter,” which sets out what children should be able to expect from their parents if they are separating.

It is also a useful tool as to what separating parents need to be aware of in the interests of their children.

One thing to consider is how to keep your children informed about what you are planning and listen to their opinions too.

You may find this list helpful when considering your options if divorcing or separating, however we stress this is not substitute for legal advice.