Pension Awareness Day (15 September) and Pension Awareness Week (14-18 September) provide an important reminder to take stock of your financial future, understand your pension arrangements, and ensure you are making informed decisions about retirement planning.

When a marriage breaks down, pensions are often one of the most valuable assets involved. Despite their significance, they can sometimes be overlooked during financial negotiations.

Pensions are matrimonial assets and must be disclosed as part of the financial disclosure process. To achieve a fair settlement, pensions can be divided through a Pension Sharing Order, or they may be offset against other matrimonial assets, allowing one party to retain a larger share of those assets instead of receiving a share of a pension.

Conversations about pensions during divorce can be challenging, particularly where one party views the pension as something they have built up independently. However, the Court recognises that both parties contribute equally to a marriage. Whether that contribution has been through employment and pension savings or through caring for children and managing the home, each role is valued when considering a fair financial outcome.

Because pensions are often complex, it may be necessary to instruct a Pension on Divorce Expert to assess the parties' pension arrangements and provide specialist advice on how they can be divided fairly and effectively.

Failing to address pensions properly during a divorce can have significant long-term financial consequences and may leave one party at a considerable disadvantage in retirement. Taking expert advice at an early stage can help ensure that all assets are fully considered and that your future financial security is protected.

Contact a member of our specialist family law team today to arrange a confidential consultation and ensure you receive the expert advice needed to secure a fair settlement and protect your future: Family Fixed Fee Interview - Girlings Solicitors