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Welfare Reform on the Web (August 2001): Pensions - UK

FAMILY BREAKDOWN AND PENSIONS

R. Ellison and M. Rae

London: Butterworths, 2001

This book looks at the issues surrounding the disposition of pension rights on divorce. It examines separation, nullity and divorce, and looks at advising client and financial advisers. It provides information on how to cope with divorce and what scheme managers and advisers should do to amend their schemes. It also gives information on how clients should be dealt with.A set of precedents and the necessary consolidated legislation and background material on divorce and pensions is also include

MOVE TO PROTECT PENSION PROMISES TO STAFF

S. Targett

Financial Times, May 18th 2001, p.2.

There are signs that companies with generous "defined benefit" pension schemes that provide pensions based on an employee's final salary, are coming under financial pressure to cut retirement costs. Pension leaders are calling for a new protection system that will prevent companies from simply winding up schemes and reneging on pledges to staff.