Divorcees are the new "pensions underclass", says Inter-Alliance

Professional Adviser
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A new pensions underclass is evolving as many divorcees are not taking advantage of the new pensions...

A new pensions underclass is evolving as many divorcees are not taking advantage of the new pensions splitting legislation introduced in December 2000, Inter-Alliance says. Figures from the Lord Chancellor's department show that less than 1% of the 300,000 married couples that have filed for divorce since the new rules came into force have benefited from the regulations. Apart from the family home, pensions can be the biggest asset in a divorce, Inter-Alliance says. But if pensions are not taken into an account in a settlement, it could lead to a "pensions underclass" o...

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