Lisa Webster: Divorce and pension protection - what's the impact?

'There are a few quirks in the rules'

clock • 3 min read

Clients dealing with divorce need all the help they can get from their adviser. Here, Lisa Webster looks at the impact pension sharing orders have on contribution limits - both bad and potentially good

Divorce is always a sensitive subject. It would be a heartless adviser that would want their clients' marriages to break down, or distressed new clients arriving on their doorstep, but it is an area where having a good adviser who knows what they're doing can really make a difference in easing, at least, the financial headaches. Not to mention it can be a good line of business. When it comes to wealthier clients who hold lifetime allowance (LTA) protection, the impact of a pension sharing order (PSO) on that protection should be taken into consideration when deciding how to split the ass...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Spring Statement 25: 'As you were' following pensions exclusion

Spring Statement 25: 'As you were' following pensions exclusion

Pensions were notably lacking from today's Spring Statement

Holly Roach
clock 26 March 2025 • 4 min read
Majority of pension savers would use digital advice from providers

Majority of pension savers would use digital advice from providers

Some 73% of workplace pension savers want advice from providers

Jenna Brown
clock 24 March 2025 • 2 min read
Why advisers are key to tackling the gender pension gap

Why advisers are key to tackling the gender pension gap

'The gender pension gap won't close itself'

Ahmed Bawa
clock 20 March 2025 • 4 min read