The government has confirmed that the Family Mediation Voucher Scheme will continue until March 2027. This means that anyone with a significant dispute involving a child or children under 18 can continue to get £500 towards their mediation with Surrey Family Mediation. This means that your first mediation session will Read more…
Divorce slashes women’s household incomes far more than men’s. Wives can expect their income to be halved in the year after ending the relationship, compared with a 30% drop for husbands. One woman complained: “Why would the settlement be a 50-50 split when my earning capability is a quarter of Read more…
People in the UK have around 20 million small pension pots worth under £10,000 each. These small deferred pension pots have been accumulated as people change employment during their working lives. Many of the pension pots are very small and therefore expensive to run and that results in lower returns. Read more…
What the law says about dividing finances and property on divorce is lacking – including among divorcees themselves. The study, by the University of Bristol, found that less than half of ten statements were correctly identified as either true or false. The levels of understanding was only slightly better among Read more…
Just over a quarter of a million recent divorces were postponed due to financial pressures since 2020. 17% of divorces were deferred because of money worries. Couples cited income concerns, rising living expenses and the cost of divorce. Once separated, almost half of divorcees see their incomes shrink by an Read more…
The Family Mediation Voucher Scheme is to be continued for another year. The Family Mediation Council says it has been successful in helping people make important agreements without the need to go to court. The scheme will now run until March 2026. The government supports family mediation and is working Read more…
The delays for public sector workers in getting their pension valuations are continuing. Many people cannot complete their divorce settlements because of the changes in how pension pots are valued. The government’s Money Helper website says that if you qualify for a Cash Equivalent Transfer Value (CETV), it must be Read more…
60% of terminated Individual Voluntary Arrangements created by Insolvency Practitioners showed evidence of poor practice. Examples of this included inaccurate recording of income and expenditures, incorrect dismissal of other debt solutions, and providers failing to ensure that people understood what they were signing up for. Individual Voluntary Arrangements are a Read more…