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…