"The best performing pension could produce more than three times more pension income than the worst performing one. The really bad news is that your pension fund is more likely to be amongst the bad than the good" The Observer
This method results in a claim being made by one spouse against a part of the other spouse’s pension (and/or lump sum) benefits…but only when the scheme allows the benefits to be taken.
So, nothing gets paid at the date of divorce; an attachment order award is paid some years in the future. This option has rarely found much favour with divorce lawyers or the Courts as all sorts of problems, complications and disappointments might arise before the award is due to be paid including the death of the pension scheme member or the spouse or the remarriage of the spouse. Nonetheless this option can have its uses...
Nonetheless this option can have its uses…but in what circumstances?
After instructing a solicitor...