Private Client: Share and share alike
With pension funds an ever more important part of an individual's wealth, the division of such assets on divorce has become increasingly problematic. Daniela Glover looks at developments in the field
When pension sharing was introduced in 1999 as part of the Welfare Reform & Pensions Act, it was heralded as the beginning of a new era in dealing with pensions on divorce. Although pension sharing provides a more flexible option, it arguably remains under-used – perhaps because of the complexity of pension issues.
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