Pension issues following divorce

Pensions have become an increasingly important asset in the event of matrimonial breakdown and how they are treated during a divorce has taken on greater significance since the Pensions Act 1995 and the Welfare Reform Act 1999. After the family home, pension funds are frequently the largest capital asset of the marriage. However, pension provision between spouses is rarely equal and women may have little or no pension in place as the result of giving up work to raise a family. When divorce happens, women can often be left with inadequate pension provision. Previously, courts would offs...