The Divorce IFA Blog

For all things pensions & divorce...

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Category: pension sharing

The Local Government Pension Scheme changed from a Final Salary basis to a Career Average Revalued Earnings “CARE” basis for pensions accrued from 1st April 2014.This means that over time the cost of providing defined benefit pensions should reduce as the final pension is calculated based on an aver… Continue Reading

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Category: pension sharing

The first detailed study into pension sharing on divorce since its introduction in England and Wales in 2000 has recently (March 2014) been published by Hilary Woodward and Mark Sefton of Cardiff University.It is accessible via orca.cf.ac.uk/56700 and the Key Findings at orca.cf.ac.uk/56702.The stud… Continue Reading

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Category: mediation

I am pleased to announce that I will shortly be embarking on mediation training with The Family Mediators Association to support the work I am currently doing with my clients and solicitor contacts.The FMA, established in 1988, is a membership organisation for family mediators. They are a lead body … Continue Reading
Tags : mediation

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Category: annuity

This blog is about reversionary interests.Reversionary what I hear you say. Well when a annuity is set up it is often done so on a joint life basis. This means that on the demise of the first life the benefits are paid to the joint life for the rest of his or her days on usually a 50% basis but it c… Continue Reading
Tags : annuity

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Category: cash equivalent transfer values

It seems like the CETV has taken on a mythical like status these days with even clients paying much more attention to what they are and whether they are accurate. So what are they? What is contained in them and what importantly is left out?I am old school and prefer separating the two transfer value… Continue Reading

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Category: pension sharing

As part of the work I do I am often contacted by solicitors, and clients going through divorce directly, to look at pension reports and to comment. The worry I have is that from this relatively small sample of what must actually be out there, is the number of basic errors and the poor methodology be… Continue Reading

New CSA Rules

Apr 16, 2013
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Category: Divorce

In divorce, there are few issues that stir up as much controversy as child maintenance.Most non-resident parents (NRP) pay maintenance on a sliding scale depending on how many children they have with the resident parent. A child is classed as either:Under 16Under 20 and in full-time education (but n… Continue Reading
Tags : Divorce

The End of Legal Aid

Mar 14, 2013
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Category: Divorce

Cuts to the legal aid budget that come in next month are going to leave many vulnerable families deprived of vital services that only professionals can supply.I can’t really understand where the government is coming from on this one. Often when cuts are imposed there will be some alternative offered… Continue Reading

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Category: pension sharing

Technically speaking the cash equivalent transfer value (CETV) represents the expected cost of providing the member’s benefits within the scheme.In divorce settlements, thought needs to be given as to whether the CETV is the most appropriate method of valuing the overall pension benefits. Considera… Continue Reading

Dead End Marriage

Mar 06, 2013
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Category: Divorce

Wife divorces husband over map-reading argumentYou have to feel a certain amount of sympathy here for Mark Powell. None of us know what goes on behind closed doors and even the most seemingly rock-solid couple might fight like cat and dog away from prying eyes; however, divorcing over a map reading … Continue Reading
Tags : Divorce

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Category: Divorce

Not a good idea. Of course it may seem unfair to have to declare assets that were acquired before you got married; or assets that were solely paid for by you during the marriage, but the fact is if you aren’t up front about your finances during divorce then you are risking a spell in prison.Accordin… Continue Reading

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Category: Divorce

You can’t get divorced unless you get married. Aside from stating the obvious, I’m underlining the point that these days marriage seems little more than a precursor to divorce. It was only within the last week that I heard an acquaintance remark about how much more fun his divorce is compared to his… Continue Reading

Offshore Divorce

Nov 27, 2012
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Category: Divorce

We all know, or know of people that have managed to get married abroad. It probably doesn’t work out much more expensive than a lavish ceremony on these shores. Wouldn’t it be curious to find an agency set up to help you get divorced abroad?“They got divorced? When did that happen?”“Yeah they’ve bee… Continue Reading

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Category: Divorce

…..and that figure is unnervingly low. There are nearly twice as many women over 50 without a pension when compared with men over 50.It seems clear then, that many women are not even asking the question upon agreeing a divorce settlement. It is more important now than ever before that the question o… Continue Reading

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Category: Divorce

http://www.ftadviser.com/2012/08/29/ifa-industry/your-business/solicitors-must-value-pension-sharing-orders-gyFqAgVriOGOvwtEinc5FO/article.htmlThe role of solicitors and mediators during divorce is well documented and shouldn’t be taken lightly or underestimated as many self representing clients fin… Continue Reading

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