29 July 2020
The Pensions Advisory Group (PAG) have published its essential guide to the treatment of pensions on divorce.
Pensions are often the largest asset in a divorce settlement after property. Their complexity is laden with risk which has in recent years caught the attention of the claims management sector.
The PAG is a multi-disciplinary group of professionals, who have come together to produce a clear good practice guide addressing the treatment of pensions in the event of divorce or separation.
It has been felt there was a shortfall in understanding amongst family solicitors of how to handle pensions after a couple split. The Pension Advisory Group came together to create a clear guide to enhance transparency over what can be seen as the “jargon” of pensions. The group also aimed to improve communication amongst professionals working in this field across England & Wales.
You can explore more about the report here:
The Nuffield Foundation (Family Justice - pensions section) website: Pensions on divorce interdisciplinary working group