Tuesday, December 16, 2008

Do Wives Lose Out?

In his final article considering what are in his opinion three systematic failings in the way pension issues are settled in most divorces that causes a wife (or rather 'the person with the smaller final salary pension') to lose out Nigel Bradshaw of the Ancillary Actuary looks at the affects of wives opting for a credit under a pension sharing order.

Sharing the CETV 50/50 does not necessarily give 50/50 actual value to both parties, and definitely not 50/50 income. Pension schemes give higher benefits to the original pension member than the ex spouse recipient of a pension credit receives. As I said in an earlier post Problems With Sharing Pensions on Divorce during July one thing which would help is requiring pension schemes to provide information so divorcing couples could at least make informed decisions.


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