UK - Couples are avoiding pension sharing in divorce orders because they are too complex, a survey by the Solicitors Family Law Association shows.
The study said that while solicitors were “overwhelmingly” positive about pension sharing, couples in divorce wanted more straightforward solutions.
But SFLA chairman Jane Craig said avoiding pension sharing in divorce orders would be a mistake for some partners. “For some people, the pension fund could be worth more than the equity in the family home.”
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
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.