Pension Sharing Order

Catti

This is far from my comfort zone, but I have a client who has been granted a Pension Sharing Order on divorce. The Company who have the pension funds have provided paperwork for her new pension company to sign to say they will accept the funds, but she has not been able to establish a new scheme yet. She has spoken with high street banks and a financial adviser but no one seems willing to help. Does anyone know anything about this type of thing?

Many thanks in anticipation of your help!:beer:

dunstonh

She has spoken with high street banks and a financial adviser but no one seems willing to help.

Banks dont have fully authorised financial advisers. They have tied reps. Its a simple transaction to do but it is outside the remit of most tied sales reps.

Your client needs an IFA as it is within the remit of most IFAs. It is possible a small number of IFAs wont do it as it is technically classed as pension transfer and some IFAs avoid that area of business.