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Divorced with earmarked pension
SallyG
Posts: 850 Forumite
http://citywire.co.uk/new-model-adviser/news/old-mutual-wealth-warns-divorcees-over-pension-income-rights/a812261?ref=new-model-adviser-latest-news-list
"if the member takes the entire pension as a cash lump sum the ex-spouse may not receive their correct entitlement, and if the wording on the earmarking order does not protect them from this they should seek advice to determine whether they can make an amendment to the order."
First spotted by Neil Liversidge last year:
http://www.moneymarketing.co.uk/news-and-analysis/pensions/neil-liversidge-the-new-pensions-earmarking-injustice/2010511.article
"The Finance Bill 2014 should be amended immediately to facilitate the easy and low-cost conversion of earmarking orders into pension-sharing orders.
This deserves the support of the financial services industry and all political parties. I am writing to my MP and I urge you to do likewise."
"if the member takes the entire pension as a cash lump sum the ex-spouse may not receive their correct entitlement, and if the wording on the earmarking order does not protect them from this they should seek advice to determine whether they can make an amendment to the order."
First spotted by Neil Liversidge last year:
http://www.moneymarketing.co.uk/news-and-analysis/pensions/neil-liversidge-the-new-pensions-earmarking-injustice/2010511.article
"The Finance Bill 2014 should be amended immediately to facilitate the easy and low-cost conversion of earmarking orders into pension-sharing orders.
This deserves the support of the financial services industry and all political parties. I am writing to my MP and I urge you to do likewise."
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