Survival guide to pensions on Divorce launched
Survival guide to pensions on divorce will be published on 20th January. It is a free-to-access, step by step guide to pensions on divorce, aimed primarily for divorcing couples. There is widespread misunderstanding of the importance of including pensions when divorcing couples decide how to divide their money and assets. Fewer than one in six divorces include a pension order of any kind, and those that do tend to be within the bigger money cases. Pensions are viewed by many couples as too complicated or intimidating and a lack of user-friendly information compounds the problem. While many find thinking about future finances stressful, it is dangerous to ignore them. There is a huge amount of research that shows that not sharing pensions leads to women particularly being in unnecessarily precarious financial positions in later life. Produced by Law for Life in partnership with the Pension Advisory Group (PAG), the Survival guide to pensions on divorce aims to address this problem. It is the accessible version, aimed at divorcing couples themselves, of the PAG’s definitive Guide to the Treatment of Pensions on Divorce, published in 2019. The Survival guide to pensions on divorce provides an easy-to-read and compelling explanation as to why it is so important for couples who are divorcing to include pensions when they consider their finances post-divorce. It takes readers through the key points relating to pensions, such as what the law says about them, how to get them valued, how to reach an agreement, when they might need expert help and how to access that. The Survival guide to pensions on divorce has been endorsed by the President of the Family Division and the Family Justice Council. The project has been funded by the Nuffield Foundation under the auspices of The University of Cambridge Faculty of Law. The views expressed are those of the authors and not necessarily those of the Foundation. Visit www.nuffieldfoundation.org We hope that you will find the Guide helpful and that it will prove to be a notable step towards improving the fairness of financial outcomes on divorce.
