Mar 31, 2018

Divorce, what have pensions got to do with it?

Financial claims arising from divorce proceedings include the right of a spouse to pursue a claim against the other spouse’s pension benefit. That right was brought into force in December 2000 and since then has become one of the most important issues arising in financial remedy proceedings between divorcing couples.

There is a great deal of misunderstanding and confusion about pensions and how they are treated within the context of financial remedy proceedings. What is not fully appreciated is that the right to a pension share only arises between married couples and civil partners.

Quite often the pension benefits that have accrued during the course of a marriage can be the most valuable asset the parties have acquired. This is particularly relevant in public sector pensions which are linked to price rises and are payable for life. Understanding therefore the options that maybe available to you in pursuing a pension claim is essential which is why expert advice is required. Symonds Solicitors provide that expert advice with significant knowledge and experience conducting financial proceedings at all levels of the courts in England and Wales.