UK - Demand for pension sharing services has increased on the back of a 3.9% rise in the divorce rate last year.
Jardine Lloyd Thompson said it was not surprised by the National Statistics Office figures, having experienced soaring interest in the work it does for Penfam.
Penfam advises family law-yers, pensions consultants, act-uaries and financial advisers on how best to divide the pension assets in a divorce settlement.
JLT employee benefits business risk manager Nigel Manley said: “The sharing of pension assets in a divorce can be a complex and valuable issue. Penfam offers a much-needed complete service which brings lawyers, pensions experts and financial consultants together.”
Penfam issues a report that sets out the value of the pension rights and suggested options, at a cost of £650 excluding VAT. It is prepared using neutral JLT actuarial assumptions and is designed to be used for joint instructions.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.