Pensions and divorce: Each party urged to take financial advice

Law firm urges divorcing couples to educate themselves on pensions

Jenna Brown
clock • 3 min read

Divorcing couples should take advice about pension sharing when going through the separation process to ensure a fair outcome for both people, lawyers have said.

Stowe Family Law commented on the issue following yesterday's (2 January) Pensions and Lifetime Savings Association (PLSA) update to its Pension Sharing on Divorce guidance to offer more information and support for private occupational pension schemes and giving advice to clients going through divorce.  Research from Stowe Family Law found more than two-thirds of the 400 women it surveyed who got divorced, 59% did not get a share of the other party's pension in their financial settlement. It also said 12% were not sure if they did or not. The law firm said this needed to be addressed ...

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