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15 February 2013

Report claims half of the 1.5m divorce settlements in the last 12 years may have been undervalued


Divorcees who separated in the past 12 years could have to hand over more of their pension income to their former spouse, reports The DailyTelegraph.

Pension funds are often the main asset of a marriage and are frequently more valuable than the home, but according to a report from Divorce LifeLine in as many as half of the 1.5 million divorce settlements in the UK since December 2000, the divorce pensions may have been undervalued.

The specialist financial advice firm said that hundreds of thousands of divorcees could benefit from a boost in retirement income following miscalculations of the valuation of their ex-spouses pension pot. Solicitors have advised that divorcees could stake a claim up to 12 years after the legal separation has been settled.
Read the full story here.