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Getting the facts before you do the deal.

  • maggie
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31 May 12 #334297 by maggie
Topic started by maggie
"Having received a pension sharing Order the Pension Scheme will then write to both parties informing them of what has happened and ask for certain information. Until that information is provided, which can also require the payment of fees, the process to put the order into effect does not start. The Pension Scheme will inform the spouse receiving the share, known as a pension credit, how they discharge of their liability to the credit."
i.e the pension scheme will tell you what the pension scheme will allow you to do with your share of the pension - that should be a confirmation of information you already have - if the first you know about it is after the PSO has gone to the pension scheme and they tell you you can''t stay in the scheme/must stay in the scheme or if the rules they apply to pension credit pensions are "unfair" or undermine what was agreed it''s difficult to do anything about it.

No idea why that''s all blue but I like it.

  • rubytuesday
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31 May 12 #334298 by rubytuesday
Reply from rubytuesday
I like the blue too:)

Thanks for this article, Maggie - what would Wiki do without all the information on pensions you provide?


  • maggie
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31 May 12 #334310 by maggie
Reply from maggie
Knowledge is power and all that - just seemed to be a rash lately of "pig in a poke" pension sharing - [like mine.]

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