When the division of pensions is being considered, a pension scheme Cash Equivalent Value may be used as a starting point. The advice of a Pension Actuary may be needed to look at providing an income for both parties on retirement. Offsetting (where one party is compensated for the loss of pension rights by receiving other assets) or earmarking (a percentage of the pension is set aside for the ex-spouse to claim on retirement may) also be considered, which require a Court Order to be effective.
This is a complex area of law and requires careful consideration, so we ensure our clients obtain advice about the right options for them. Contact our family solicitors for more information.