New evidence shows pensions may not be being split fairly on divorce
The pension can be a valuable asset but many women could be missing out when they divorce
If you’re getting divorced, one of the most valuable financial assets could be the pension or pensions. However, there’s evidence that they aren’t being split fairly or may be being ignored altogether. A detailed report produced by Cardiff University has found that pensions were only split (or shared, as it’s called) in divorce in fewer than one in five cases. If that’s typical of what’s happening, it’s a staggering figure. By law, pensions should be taken into account when working out a financial settlement.
If you and your husband or partner break up, how easy is it to divide the mortgage?
It’s not always easy for one person to take over the mortgage when a couple breaks up, especially in the current climate.
Recently I’ve had a number of ask the expert questions from women who’ve split up with their partner or husband and who want to take over the mortgage on their own. But even if you’re able to afford the monthly payments, the lender may not let your partner come off the mortgage. And the current economic climate means they’re being more cautious than they might have in the past. Here’s a guide to what to expect.
Divorce and mediation: what does mediation involve and who is it for?
The government wants to make divorcing couples consider mediation before they go to court.
Although most divorces don’t end up in the divorce courts, splitting up using a 'traditional' divorce lawyer can still be expensive and time consuming. Many couples are unaware of other options such as mediation, which involve face-to-face sessions with one or more mediators to try and agree financial and child-related issues. Currently couples are encouraged to consider mediation, but from April they will have to find out whether mediation could work for them before they can go to court.