UK - Complex pension sharing legislation is forcing family solicitors to call in actuaries to evaluate and assess assets in divorce settlements, Chambers Townsend Consultancy says.
The firm of actuaries and consultants says the practice of accepting cash equivalent transfer value at face value no longer works under pension sharing legislation.
The assets of individual pension funds must now be assessed prior to retirement.
It further pointed out that these requirement calculations mean valuations can now differ by tens-of-thousands of pounds, according to which method of working them out is used.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.