Separating couples warned not to overlook pensions

PENSION funds are now seen as one of the biggest assets in divorce cases, with couples being urged to pay closer attention to their value when finalising a separation.

According to one expert, in the current environment, a couple’s pension is often worth far more than other assets, including their home.

Pension consultants Astons said the Irish divorce rate has increased to 16% since its introduction in the 1990s. Senior consultant Barry Kennelly said: “Future financial security is paramount for both parties but particularly for spouses who look after the children and do not have a pension in their own name.