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IMPLEMENTING A PENSION SHARING ORDER ON DIVORCE
Advice and Guidance
Professional Advice Setting Up Your New Pension
My name is David Yates. I am an Independent Financial Adviser, specialising in Investment and Retirement planning, including the implementation of Pension Sharing Orders. I look after clients all over the UK.
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What Is Pension Sharing?
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Pension Sharing is where an existing pension is physically split and divided as part of a divorce settlement.
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The amount is always set out as a percentage of the pension's cash equivalent value.
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As a result, the ex-spouse receives a pension in their own name and under their control.
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What Happens After a Pension Sharing Order Is Granted?
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When a Pension Sharing Order is granted, usually the ex spouse in receipt of this will appoint an Independent Financial Adviser to organise an external transfer. They will recommend the most appropriate provider and pension fund(s) as part of this process.
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What Is an External Transfer?
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An external transfer means the pension proceeds awarded to the ex-spouse must be transferred out and invested into a separate pension scheme in their own name. This is often the case.
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Why Financial Advice Is Important
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Financial Advice is required to ensure each client receives the best advice based on their personal needs and circumstances.​​​​
