PENSIONS ON DIVORCE
A Practitioner’s Handbook
By Fiona Hay, His Honour Judge Edward Hess, David Lockett and Rhys Taylor
ISBN: 978 1 47431 056 7
THE GO-TO BIBLE FOR FAMILY REMEDY LITIGATION IN AN OFTEN TRICKEY AREA FOR THE PARTIES
An appreciation by Elizabeth Robson Taylor of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers and Reviews Editor, “The Barrister”
“Pensions on Divorce” has been written by a distinctive author team of family law and actuarial experts under the guidance of the LexisNexis Family Law imprint originally published by Jordans in Bristol. These titles do help make our lives so much easier as practitioners, especially in this particularly complex area of family law.
The new edition sets out, in an accessible practical style, one of the most technical and pitfall-strewn areas of family law… what we would call “tricky” remedies: ¬the valuation and division of pension rights in divorce settlements. And, as we know, for practitioners it can be a tricky minefield when one deals directly with the clients at court or in the run up to the hearing.
The new third edition appears at a time when practitioners are still grappling with “unprecedented changes in pensions law”. Sadly, the upheaval has affected the way pension rights may be accessed and there continues to be uncertainty for pension rights in the future so this book does help us quantify these assets in some cases.
The authors are Fiona Hay, His Honour Judge Edward Hess, David Lockett and Rhys Taylor. They have edited this handy practitioner text for the new third edition brilliantly. We believe they have succeeded in their aim to present a clear, comprehensive commentary on the law and procedure covering the following: the different types of pensions; the powers and procedures of the court; the actuarial issues involved; and how we can deal with the many different situations that can arise.
We are very lucky that the new revised edition contains full details of the major changes including many government-led developments such as pension freedoms introduced in April 2015 by Taxation of Pensions Act 2014 and the introduction of the new state pension in April 2016 (subject to any further changes, post-Brexit).
These changes have affected the way pensions fall to be considered by the court in many financial order applications. The book brings them altogether in a single authoritative source providing detailed and clear analysis on the topics covered.
They include the following different types of pension; The State pensions; Pension freedoms and divorce; Law and procedure in relation to pension sharing orders; Law and procedure in relation to pension attachment orders; and Pensions on Divorce and Insolvency.
“Pensions for Divorce” therefore offers us, in addition, solutions for cases in which Pension Sharing Orders are not appropriate; pension sharing and attachment on dissolution of civil partnership; section 25 factors, fairness and equality in relation to pensions; offsetting; actuarial issues; the important ‘shorter career’ public sector schemes; and some ‘longer career’ public sector schemes which appear to be becoming the norm.
As a one-stop shop, this advice on divorce covering the thorny issue of pension scheme remains a top title for the specialist finance adviser and lawyer in this area of law.
The law is as stated at 1st January 2018 and the book was published on 26th June 2018.
FiNMAX mobile apps are available for both iOS and Android devices, which ensures that traders can access their accounts through a smartphone or a tablet. FiNMAX offers specific FiNMAX apps for iPhone, iPad, and other smartphones and tablets. Once again, traders can access almost the entire range of platform features that are available on the desktop platform, while advanced charting options from TradingView can be easily accessed through their responsive template.
FiNMAX Trading Accounts.
Even though the minimum investment required for a Platinum VIP account is high, the trading features can more than justify the initial investment barrier. The only concern is that traders may not feel comfortable depositing large amounts of money at FiNMAX without any proper regulatory protection. Regardless, the company has managed to steer clear of any large controversies, which does make it a bit more dependable than brokers that are located in tax havens.
FiNMAX Demo Trading Account.
FiNMAX offers a limited period demo that is valid only for a week, which is not a whole lot of time to learn the concept in detail. Although FiNMAX has limited its demo account to users, it is far better than avoiding a demo offering altogether. Seasoned traders can use the demo trading account to gauge the efficiency of the platform, while amateur traders can also use the demo period to familiarise themselves with the binary options market and put on a few trades to gain market exposure. Nevertheless, we would have appreciated if the company had provided a bit more time with its free demo account option.
FiNMAX clients can make use of the vast resources for trading, which includes advanced trading charts, personal account manager, and market analytics. Larger account holders have the convenience of trading with signals or use social trading platforms to copy trades from successful traders. The broker also provides market analysis, trading news, webinars, strategy, and VIP trader education. FiNMAX has one of the best trader-oriented resources, which can provide a highly beneficial platform for binary options traders.
There is a drastic amount of confusion surrounding regulatory status. Reduced number of binary options assets.
Yes, traders can download dedicated FiNMAX apps for iOS and Android devices.
FiNMAX offers support through live chat, phone numbers, emails, and Skype address. The customer service channel is only available for 14 hours a day and 5 days a week.