Looking for some advice for my brother who has just got divorced and there is a pao over a defined benefit scheme relating to an old employment where he worked for about 8 years. He is aged 53 and she is 47. its split 50/50 between him and his ex.
He now wants to transfer his share of the pension out of the fund and invest in a stand alone pension. Some questions he asked me but i couldnt help
Does he have to inform his ex wife?
Does she have any say ie can she refuse?
What happens her 50% - can she stay in the existing pension scheme - or is that a bit weird given she isnt an ex employee?
Thanks in advance
He now wants to transfer his share of the pension out of the fund and invest in a stand alone pension. Some questions he asked me but i couldnt help
Does he have to inform his ex wife?
Does she have any say ie can she refuse?
What happens her 50% - can she stay in the existing pension scheme - or is that a bit weird given she isnt an ex employee?
Thanks in advance