UK - Consulting actuary Hazell Carr Collins has bolstered its regional teams to meet growing demand from pension sharing on divorce work.
The actuary – which has appointed 17 regional actuaries – says complex legislation introduced under the Welfare Reform and Pensions Act 1999 has meant that solicitors and barristers increasingly need actuarial advice to create “fair” divorce settlements.
Hazell Carr Collins principal Harry Smith said: “The introduction of pension sharing on divorce has created a situation with great difficulties and many potential pitfalls for the family lawyer, so we have developed strategies to assist them in implementing pension shares.”
Smith said the firm’s regional actuaries had been appointed equally across the country to ensure easy access for lawyers.
He added that all the actuaries were experienced specialists with backgrounds in legal services including pensions, trustee work and administration.
Smith added: “The Hazell Carr Collins network will assist lawyers through the maze of pensions options and help to identify the many problems and pitfalls advisers can face.
“Our newly-appointed regional actuaries will ensure that the ‘end user’ of the advice, the client, feels that advice is given in a clear and comprehensible fashion.”
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