Posted September 6th, 2010
Pension sharing is a confusing and complicated part of any divorce settlement and there are many issues to be aware of before proceeding. Some examples include:
- The fairness of a cash equivalent transfer values (CETV).
- Internal transfer or external transfer?
- Moving target syndrome?
- Default options.
Therefore, it was a refreshing change to be contacted by a client this week who had received notification from her pension provider (Prudential) that she HAD to take financial advice before they would agree to accept the pension sharing order.
To avoid the pitfalls above it is important to take financial advice from a competent adviser, preferably one who is a Resolution Accredited Independent Financial Adviser (See link here). You may also wish to employ the services of an actuary that advises on pension and divorce cases.
If this is you and you are looking for financial advice on a pension sharing matter or if you require further information, please contact me on 0800 092 1229 or email advice@thedivorceifa.co.uk
Tags: Actuary, Cash Equivalent Transfer Value, CETV, Competent Adviser, Default Option, Default Options, Divorce Settlement, external transfer, Financial Advice, internal transfer, Moving Target Syndrome, Pension and divorce, Pension Provider, Pension Sharing, Pension Sharing Matter, pension sharing order, Prudential, Receiving scheme, Resolution, Resolution Accredited, Resolution Accredited Independent Financial Adviser | Posted in Pension Sharing |
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Posted August 27th, 2010
So the pension share has been agreed. You have your settlement in place and are now looking at your options on what to do next?
What can go wrong you ask? Well unfortunately, plenty of things.
In the last few months, I have dealt with a range of problems, including:
• The pension sharing order didn’t appear – whose responsible?
• The pension sharing order was drafted incorrectly.
• The receiving scheme insisting that financial advice is taken – why can’t they just implement?.
• Delays in implementation.
I intend to expand on these issues in subsequent posts but if this affects you or you require any further assistance, please contact us on 0800 092 1229 or email advice@thedivorceifa.co.uk
Tags: Financial Advice, Implementation, pension share, Pension Sharing, pension sharing order, Pension Sharing Orders, Receiving scheme, Settlement, the divorce ifa | Posted in Pension Sharing |
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Posted July 3rd, 2009
The Institute of Financial Planning is planning its second Financial Planning Week in September 2009.
For further information on the week, please click on the link below. If you would like further information on the Institute of Financial Planning, click on the logo above to be redirected to their site.
Financial Planning Week – Further information
Should you have any questions, please contact us on 01204 663904 or email – advice@thedivorceifa.co.uk
Tags: Financial Advice, Financial Planning, Financial Planning Week, Institute of Financial Planning | Posted in Financial Planning |
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