A pension shared is not always a pension halved

They say that breaking up is hard to do, and this is especially true if pensions are involved. And now, for better or for worse, the options for dealing with pensions on divorce are about to increase with the introduction of pension sharing. Pension sharing on divorce was first proposed in 1996 as a third option alongside offsetting and earmarking. However, it took until late spring 2000 for all of the details of pension sharing to be agreed. These emerged in the form of a lengthy set of regulations, model rules and an Update from the Pension Schemes Office (PSO). Couples who start divor...