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Scott Gallacher explains how to avoid the pitfalls associated with dividing pension pots upon divorce

24 August 2012

Considering that pension sharing has been in existence for almost 12 years I am always surprised at the lack of co-operation, formal or informal, between family lawyers and financial advisers when it comes to divorce cases.

Everybody now knows that pensions can be an important part of an individual’s assets and the most common treatment is offsetting or equalising the value. However, very many family lawyers and mediators simply use the value quoted by the pension scheme - the cash equivalent transfer value (CETV). However, CETVs are often not what they seem and taking them at face value is fraught with danger.

Family lunch

Over a recent lunch with a more enlightened family lawyer, she mentioned to me that she’d already spotted adverts in the Sunday papers from claims management companies encouraging divorcees to make a claim against their solicitor fo...

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