pension

Pension impact on divorce nears £4,000 a year

New research from Prudential shows that divorcees who plan to retire in 2018 can expect their yearly income to drop by £3,800 compared to those who have never divorced, highlighting the impact of marriage breakdown on pension saving. Prudential’s annual study, running over the last eleven years has tracked the finances, future plans and aspirations of those planning to retire …

bitcoin

Bitcoin and other cryptocurrencies complicating financial proceedings

Bitcoin and other cryptocurrencies are being reported as harbouring wealth for the purposes of minimising the matrimonial asset pot between parties in litigation. the courts are under pressure to provide guidance to parties in dispute in order to tackle problems surrounding the increasing number of individuals using digital currencies such as Bitcon, Etherium and Ripple and hiding such wealth on …

costs

Court shines a light on disproportionate divorce costs

Whilst reviewing the latest stage of a matrimonial finance dispute in the Family Division of the High Court, a judge has commented on the “scandalous waste of court time” applied to a case involving divorcing parties, Barbara Cooke and Michael Parker. The pair, operating a luxury bathrobe and towel business, are estimated to have spent some £2,000,000 on legal costs …