DSS payment plans for divorce rules

Pension schemes will have to pay for the implementation of the pension sharing on divorce rules if the DSS's most recent plans on the issue are implemented. The industry has until 14 February to respond to the 122 pages of draft regulations released in December by the DSS, Revenue and Lord Chancellor's department. The main points of the regulations cover the charging aspects of pension sharing and an outline of the role pension scheme trustees will be expected to fulfill. Steven Cameron, manager of pensions development at Scottish Equitable, said: "The record keeping that will be involv...