Christopher Sharp QC (a member of the Pensions Advisory Group) reports that after two years of hard work the Pension Advisory Group (PAG) is pleased to be publishing its essential guide to the treatment of pensions on divorce. PAG’s long awaited report brings guidance to family judges, lawyers and pension experts encouraging fairer settlements and helping to manage liability.
Click here for the guide and for more information on PAG and the project.
PAG is a multi-disciplinary group of professionals specialising in financial remedies and pensions on divorce. The group is jointly chaired by Mr Justice Francis and His Honour Judge Edward Hess and is supported by the President of the Family Division and the Family Justice Council. The project has been partially funded by the Nuffield Foundation.
PAG has come together to produce a clear good practice guide to address the shortfall in understanding of how to treat pensions on divorce. PAG was determined to create a guide that demystifies the jargon of pensions and improves communication amongst the professionals working in this field across England & Wales.
The guide was born from the need to address the wide variation of financial settlements nationally which stems from a lack of understanding of how professionals should deal with the valuation, sharing or offsetting of pension fund assets.
In understanding how pensions on divorce should be approached advisers will be better placed to serve their clients with fair settlements and mitigate the potential claim of alleged negligence.
For more information, click here for the recent PAG press release.