A pension forms a marital asset, just like a property or monetary funds. The value of a pension will usually be taken into account when working towards a financial settlement on divorce. There are various options including splitting the pension fund into two separate funds; making arrangements for a portion of the pension to be paid to the other spouse once it is due to be paid and transferring a lump sum or other assets to the other spouse in order to offset the value of the other’s pension fund.