Wife guns for gunner - papers 7 July

clock

Divorce settlements could be changed forever today if a panel of three judges decides the former wife of footballer Ray Parlour has a bigger claim to his future earnings than acceptable under current interpretations of the law.

The Times says the decision focuses on whether “the post-divorce income of a high-earning spouse should be split 50-50 in the same way as other matrimonial assets to reflect the vital input of the other partner to the marriage.” The former Mrs Parlour has previously been awarded annual maintenance of £250,000 – up from the £120,000 originally offered by Mr Parlour’s legal team. However, even this tidy sum is well short of the £440,000 demanded as a fair share of Mr Parlour’s estimated £1.2m annual income because of the “support” given during the marriage, enabling success on the football...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •