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Pensions and Divorce

It is increasingly common for Pensions to form a part of a Divorce Settlement. Typically a spouse would be awarded a Pension Credit against their ex-partner and this Credit would be transferred to a new Pension Plan in their own name.

Pension Settlements do not confer any guarantees, simply an amount of money in a pension pot. It is important that the fund is managed so as to provide the benefits for which it was awarded. Often this will be the first time that this person has been responsible for managing an investment and so it is imperative that they seek independent financial advice.

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