Welcome
This blog is intended to encourage an exchange of ideas and promote debate about the financial issues that arise in a relationship breakdown. The concept is to create a platform for discussion that is not available elsewhere. Aimed mainly at professionals working in this area; lawyers, accountants, financial advisors and actuaries, it is also a potential source of information for the general public.
In our experience there is a significant variance in how professionals handle pension assets in divorce, with little consensus on which methods give the best outcome. We feel this is due in part to a lack of centralised knowledge and debate on what can be a complex issue. We intend to address this by posting our original articles on key subjects, as well as those contributed by others. Our intention is to post quality, discussion-worthy topics at least once a month, or more often if the need arises.
We encourage comments and contributions from all. Comments can be added to the articles on-line, if you would like to submit an article please email us at ancillaryactuary@bradshawdixonmoore.com.
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Pension sharing for cohabiting couples?
It would appear that the Government has shelved plans to extend the pension sharing and attachment legislation to cohabiting couples following separation or death.
Justice Minister Bridget Prentice MP issued a written statement on 6th March, from which we learn that the Government have decided to consider the research findings on the Family Law (Scotland) Act 2006. The Act has provisions that are similar to those that the Law Commission proposed in their report on 31 July 2007.
The Scottish Executive intends to undertake research into the cost and efficacy of arrangements for cohabitees. The Government will await the outcome of this research and will for the time being take no further action.
Peter Moore is a Director of Bradshaw, Dixon & Moore Limited
© Bradshaw Dixon & Moore Ltd - March 2008
The Ancillary Actuary
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