The technical team at Prudential have put together another CPD Compilation, focussed on pensions and divorce. They tackle this sensitive subject in a Q&A and in-depth look at the rules to help paraplanners better serve their clients who may be going through this situation.
Why you should read this
Often couples know the value of assets such as investments and houses but they don’t know the value of their pensions and these could be the largest asset to be dealt with on divorce. The divorcing couple need to sit down with their solicitors and financial advisers, not only to discuss how any of their young children’s welfare will be dealt with but also to consider how their assets should be split on their divorce.
Learning objectives
- How pensions are valued on divorce
- Understanding the three options; offsetting, attachment (earmarking) order and pension sharing order
- How Court orders interact with the Lifetime Allowance, including the impacts on LTA protections
Technical centre links with reading times
Pensions and divorce: Q&A = 13 minutes read
We answer the most common questions we’re asked helping you see how the facts work in real life scenarios.
URL – https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/pension-divorce-qa/
Pensions and divorce = 20 minutes read
This covers the rules in-depth if you need further detail on any point covered in the Q&As.
URL – https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/pensions-and-divorce/
Test Centre
Now take the test, after completing it successfully you’ll be able to download your CPD certificate.
Useful info
Nuffield Foundation guide
https://www.nuffieldfoundation.org/sites/default/files/files/Guide_To_The_Treatment_of_Pensions_on_Divorce-Digital(1).pdf
