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.
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Some of our readers may already be familiar with Wikivorce, an online divoce social network. We find the site very useful to follow what is happening at the "grass roots" of the profession (i.e. divorcees themselves) and Peter can often be found lurking in the Pensions section of the forum.
Wikivorce founder, Ian Rispin has recently circulated a press release announcing that membership of the site has now reached the 10,000 mark. Proof, if any is needed, that clients going through a divorce are increasingly arming themselves with information and advice from outside of conventional channels.
This might seem rather unnerving at first, but we see it as a great opportunity to see firsthand what really matters to end clients outside of the sometimes constrained professional/client relationship.
The original press release can be found here.