Pension reform: How to advise divorcee clients

An estimated 31,000 public sector workers will file for divorce this year, but with reform to their pensions hanging in the balance, what should advisers recommend?

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An estimated 31,000 public sector workers will file for divorce this year, but with reform to their pensions hanging in the balance, what should advisers recommend?

January is always seen as a bleak month, and it is no surprise that it usually comes with a surge in divorces. Steven Meredith, pensions specialist at NFU Mutual, said: “For many married couples, the most valuable asset is their pensions. “Not every divorce will end in a pension being shared but, particularly for those approaching retirement age, it is a large sum of money and splitting the pension pot could significantly alter both partners’ retirements.” Research from Buck Consultants shows there could be 31,000 public sector workers filing for divorce who face uncertainty in the va...

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