Lawyer Joanna Newton looks at pension sharing on divorce in light of the 25th anniversary of the introduction of pension sharing orders...
Twenty-five years after pension sharing orders (PSO) were introduced, pensions still remain the most routinely overlooked asset in divorce, despite being, in some cases, the most valuable asset a client holds. A recent public survey by Stowe Family Law revealed the scale of the issue: only 12% of people polled included pensions in their divorce settlement, while 66% didn't realise pensions could be included in a financial settlement at all. For advisers, this presents both a professional risk and a major client-care opportunity. Treating pensions as complicated or optional can leave d...
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