On divorce

In 2005 and 2006, there were over 148,000 divorces in the UK. It is almost certain that a significa...

In 2005 and 2006, there were over 148,000 divorces in the UK. It is almost certain that a significant number of the people involved would have made some provision for retirement, and the value of their pension funds would be included in the assets considered in any divorce settlement. Importantly, it is worth considering what effect such an action has on any member who had claimed pension fund protection. If a member has claimed primary protection on a fund of, say, £1.8m, and is subject to a pension sharing order of £800,000, primary protection will be lost and cannot be reclaimed, e...