Helen and her husband were in the process of divorcing. They came to us for help in dividing their finance and, additionally, Helen wanted to stop working. We established how the pension fund she received during the divorce could help her fund her desired retirement lifestyle.
Solicitors specialising in divorce | Jargon-free professional guidance | BlueSKY
The financial aspects of divorce can be complex; straying into areas of financial advice is something that solicitors and mediators should avoid.
Clear professional guidance, that both you and your clients can understand, is therefore vital; especially if your client’s assets are significant or of a complex nature. Seeking the help of financial professionals means that creative solutions can be achieved, whatever your client’s situation.
We have more than 20 years’ experience in helping individuals, solicitors, barristers and judges understand how pensions and other assets should be shared on divorce. We also support individuals post-divorce to help them rebuild their financial lives, for example, assisting with the implementation of a pension sharing order and helping individuals understand how their financial future might look.
Our expertise is best utilised where there is a mix of defined benefit (final salary) and defined contribution (money purchase) pensions and where “equality of income” is the main requirement for both parties. We also specialise in lifetime allowance cases.
We do not take on cases where the only option for the person receiving the pension credit transfer is to remain as an internal member of the pension scheme. These include most public sector schemes such as the NHS, Armed Forces, TPS and the Civil Service.
We can help you draft a letter of instruction or discuss a case with you to help with direction. Please call our offices where one of our advisers will be able to help.
We are often asked to act as a shadow expert where you may already have an actuarial report but need help to understand the best option for your client or you may wish for some guidance in how to approach the area of pension (or other finances) sharing.
We are currently not accepting work where the only option for the person receiving the pension credit transfer is to remain as an internal member of the pension scheme. These include most public sector or uniformed schemes such as the NHS, Armed Forces, Police, TPS and the Civil Service.
What our clients say about us
To assist in the divorce process, our team can provide:
Pension sharing reports, combined with case discussions and ideas
Help with the implementation of pension sharing orders
Access to a Resolution-qualified Chartered Financial Planner
Client meetings/round table meetings
Financial planning considerations
When our advice is requested in respect of the impact on pensions of divorce, our process is as follows:
- We will analyse the pension and financial information given to us.
- We will request your authority to contact third parties to obtain the additional information we need to complete our reports.
- Once we have all the information we require, we will perform the calculations necessary to establish answers to the questions posed.
- We will then provide an expert’s report, detailing the answers and rationale used. This report will include any comments that we feel are relevant and beneficial to the matter in hand. Our report will comply with Part 25 Family Procedure Rules 2010 and Practice Direction 25A.
- We will make ourselves available for further conversations; by telephone, email or a face-to-face meeting to discuss the report and our advice.
- We can support your clients with their financial planning requirements post-divorce. Our advice enables them to utilise their divorce settlements, so they can continue to support themselves and their children, both now and into retirement.
Our team of Financial Planners provide specialist professional guidance in a way that is jargon-free. Working together, we can achieve the best possible outcomes for both your team and your clients.