Category Archive: Pensions

May 26

UK – Divorcee keeps overpayment of pension made as part of divorce settlement

Scottish Widows bound by incorrect transfer value provided to parties The Pensions Ombudsman has determined that a divorcee need not repay to Scottish Widows an overpayment secured in her divorce settlement as a result of an incorrect transfer value provided by the pension scheme administrator. Natalie McNicholas complained that Scottish Widows, the administrator of her …

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Permanent link to this article: http://operationfatherhood.org/family-law-private/pensions/uk-divorcee-keeps-overpayment-of-pension-made-as-part-of-divorce-settlement/

Apr 20

UK – Pension advice essential during divorce, research finds

A fifth of women abandon paying into a pension after divorce and a quarter reduce their general savings, according to research from Phoenix Group. The closed life fund consolidator said its study also revealed two-in-five divorced women (42%) were worse off after getting divorced.  Additionally, half of divorced women made no contributions at all to …

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Permanent link to this article: http://operationfatherhood.org/family-law-private/divorce-2/uk-pension-advice-essential-during-divorce-research-finds/

Feb 14

UK – Divorcees to plunder partners’ pensions

Half of the 1.5m divorce settlements in the last year years may have been undervalued. Divorcees who separated in the past 12 years could have to hand over more of their pension income to their former spouse Divorcees who separated in the past 12 years could have to hand over more of their pension income …

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Permanent link to this article: http://operationfatherhood.org/family-law-private/divorce-2/uk-divorcees-to-plunder-partners-pensions/

Jan 21

UK – State Pension Changes – A Briefing for Family Lawyers

Clive Weir, a director with Albert Goodman Chartered Financial Planners, summarises the recently announced changes planned for state pensions and indicates their implications for family lawyers.   The Department of Work and Pensions has published a draft Bill on pension reform together with an impact assessment: ‘The single-tier pension: a simple foundation for saving’. A …

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Permanent link to this article: http://operationfatherhood.org/family-law-private/pensions/uk-state-pension-changes-a-briefing-for-family-lawyers/

Jan 08

UK – Pension fears ‘put divorce on hold’

Thousands of couples are putting divorce proceedings on hold because of uncertainty over public sector pensions sparked by the Government’s controversial reforms, it was revealed today. The current row is leaving couples going through divorce locked in a stalemate, as changes to the way pensions are calculated remain under dispute. Unions representing millions of teachers, …

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Permanent link to this article: http://operationfatherhood.org/family-law-private/pensions/uk-pension-fears-put-divorce-on-hold/