Why would you not?

Posted

The following is based on research undertaken by Scottish Widows and published in the Financial Times:

In 2016 there were 107,071 divorces.
10,000 people were surveyed.
More than 50% would “fight” for a fair share of the property.
36% would want to split joint savings.
Less than 10% would want a fair share of the pensions.
Women were missing out on 5 billion pounds worth of pension.

These statistics are somewhat stark but indicative of the view that some people hold that property is always worth more than pensions. This is a fallacy. Our experience at Emery Johnson Astills is that property is always worth more than pensions. This is a fallacy. Our experience is that in many cases the value of pensions that have been accumulated by Husbands and Wife’s during marriage, even possibly before marriage and after separation can sometimes be the most valuable asset of the marriage; it would therefore be wholly unfair to ignore or disregard pensions.

Whilst at Emery Johnson Astills we are not pension advisors we do work with accredited IFAs who are specialists in this field and who can provide invaluable support and reports whether they be in divorce proceedings or outside divorce proceedings which can ensure that the right approach to pension sharing is taken.

Please contact the family team at Emery Johnson Astills on 01162 554 855 for more information.