Pensioners breakin’ up shouldn't be so hard to do
The Supreme Court of Appeal has gone some way towards addressing the inability of divorced people to access funds in the living annuities of their ex-spouses
For too long divorced people have been unable to access funds in the living annuities of their ex-spouses. A recent judgment in the Supreme Court of Appeal goes some way towards addressing this inequity, though more still needs to be done.
The court has ruled that the right to the income from a living annuity can be considered for the purpose of splitting assets when married couples part ways...