The Divorce IFA Blog

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Category: pension sharing

How can anyone consider pension sharing a defined benefit/salary related pension without knowing something about capital values? In this context I mean independent capital values or fair values calculated by an actuary. Cash Equivalent Transfer Values are NOT intended to be fair values and are often… Continue Reading

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Category: pension sharing

I’ve been an IFA for twelve years and for the last ten I have been implementing pension sharing orders.It hasn’t been dull. From the lady in 2012 who reached down into the bottom drawer of her bureau to pass me a “ready to go” but unimplemented annex dated from 2004, questioning whether it was an im… Continue Reading

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Category: pension sharing

You may not be familiar with the Martin-Dye v Martin-Dye case but it has been a very important one in relation to pensions on divorce.In the closing statement of that case Lord Justice Thorp said, “Pensions in payment, being different in kind to other available assets, should have been apportioned b… Continue Reading

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Category: Divorce

This is the basic process I use when looking at pensions in divorce cases and I thought I would share it with you. It breaks down as follows:Context – What is the bigger picture?Assess – How is the pension being valued?Purpose – What are we doing with the value?Identify – What types of pension are … Continue Reading
Tags : Divorce

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Getting a divorce is no picnic, but having to separate all of the devices, furniture and vehicles you and your spouse shared can add a dimension of stress to the ordeal. Well, the good news is, if you’ve got a dark sense of humor and a saw; you can just cut it all in half…that, at least, is what Ger… Continue Reading

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Category: Offsetting

A glass shoe?There was a paper that was presented at the FLBA (Family Law Bar Association) Conference in Cardiff on October 21st 2015 which addressed the ‘Cinderella’ of financial remedies on divorce. This is the offsetting of pensions against non-pension assets. Now you understand why I used ‘a gla… Continue Reading
Tags : Offsetting

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Category: In The News

Simply put, legislation has been published to close a loophole which enabled public sector workers transferring their pensions overseas.The Unfunded Public Service Defined Benefits Schemes (Transfers) Regulations 2015 have now been published.A loophole had been discovered which allowed unfunded publ… Continue Reading
Tags : In The News

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Category: In The News

Be sure to keep that wooden spoon in the cupboard! It all started off when a 41 year old mother, who cannot be named (I wonder why), was going through a divorce. In the settlement, the matrimonial home was to be sold and the wife was suppose to receive a lot more than the husband from the sale. But… Continue Reading
Tags : In The News

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Category: In The News

Imagine if you were going through a divorce and the court asked you to give all your assets to your ex-spouse. Well that’s what pretty much happened to Essam Aly. You might be asking yourself how could something like this happen?Well let’s first establish who Mr. Aly is. Essam Aly is an anesthetist … Continue Reading
Tags : In The News

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Category: In The News

From time to time, we have been involved with pension sharing orders that go into the millions of pounds and often get involved in multi-million pound settlements. But what about £5,000,000,000?Yes you read that correctly. A Russian business magnate named Vladimir Potanin, 54, built a business empir… Continue Reading
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Category: In The News

Or let them begin in a few months.The April reforms have put a lot of pressure on pension companies to deal with clients who want to cash in their pensions. But unfortunately some companies have been given bad exposure in the news, in this case, Prudential.They have been criticised for causing a del… Continue Reading

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Category: pension sharing

I am often asked which pensions are potentially the most risky when it comes to pensions on divorce and particularly, pension sharing. Another common question is at what value can all pensions be ignored?I always think this is a very subjective thing and very difficult to give a standard answer. I… Continue Reading

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Category: Divorce

I’m sure you must have heard by now about the Dale Vine and Kathleen Wyatt divorce case. Dale Vince, a multi-millionaire, had stated that when his wife had asked for a financial settlement of £1.9 million, it was like “cashing in a very old lottery ticket”.The couple had seperated 32 years ago and h… Continue Reading

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Category: In The News

Child Maintenance has just gotten harder to avoidWell it’s about time that the Secretary of State for Work and Pensions has acquired new power to refer people who are suppose to pay child support to credit reference agencies. This basically means people who aren’t paying child support wont get the s… Continue Reading
Tags : In The News

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Category: news

A new project to provide legal advice to the citizens of Greater ManchesterThe Manchester Civil Justice Centre has set up a project which will be known as ‘Manchester Free Legal Help’. This will be located at the court building. The purpose of this project is to create a network of services that of… Continue Reading
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