UK - Less than 1% of divorce settlements include pension sharing orders, an IFA claims.
And Inter-Alliance believes this low take-up could create a “pensions underclass” in years to come.
Inter-Alliance says that there have been 300,000 divorces since the regulations were introduced in December 2000.
But less than 1% have featured pension sharing or earmarking attachment orders.
Inter-Alliance spokesman Nevin Weakley said: “After the matrimonial home, pensions are frequently the biggest asset in a divorce settlement.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.