Pension Sharing & Divorce

Figures from the Office for National Statistics show there were 119,589 divorces during 2010 in England and Wales, an increase of 5% on 2009.

Pension funds can often be the largest single financial asset that must be dealt with as the result of a divorce.

It is important that pension rights are considered when agreeing the terms of the divorce settlement.

There are currently three main options to consider when dealing with the pension aspects of a divorce:

• Offsetting
• Earmarking
• Pension Sharing

Due to the complexities of the options it is often in your best interest to appoint a professional financial adviser before any decisions are made about the structure of the financial settlement.

Solicitors often require our assistance and guidance to ensure you can make the right decision once all the appropriate information has been acquired.

We work closely with a number of divorce specialists and are as happy working with your legal adviser to ensure that you make the most appropriate decisions about your finances.