The Pension Advisory Group has demystified the treatment of pensions, particularly offsetting pensions against other matrimonial assets, as Grace Lawrence explains
In July 2019, the Pension Advisory Group (PAG) published its long-awaited report on the treatment of pensions on divorce.
The importance of the report is underlined by President of the Family Division Sir Andrew McFarlane in his foreword: “For too long the division of pension assets, which may often be of significant value, has been confused by jargon, complicated structure and charging provisions: for too long, also, tales of divergent approaches to pension sharing in different court centres have brought the integrity of the system into question… [The guidance] demystifies this area and establishes clear ground rules for the proper approach to be taken in every case”.
A particular issue tackled in the repo...
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