Earmarking is now called a Pension Attachment Order: it is when the Court orders a pension provider to pay part of an individual’s pension to their former spouse.
It is quite uncommon now, as the order stops when the main pension holder dies or if the beneficiary remarries. There are still some cases where it may still be used, but its quite rare.
It has largely been replaced by a Pension Sharing Order, which puts part of an individual’s pension into the name of their former spouse, so it belongs then to the former spouse and thus is not affected if the original pension holder dies or if the beneficiary remarries.
– More articles and definitions by Daniel Rushton here. –
Daniel has over 20 years’ experience as a specialist family law solicitor. He is Head of the Family Law team at Grindeys Solicitors based in Stoke on Trent.
Daniel has a particular interest and experience in dealing with business owners, company directors and members of the medical profession in matrimonial situations. For this type of work a solicitor who understands your business accounts and business structure is vital to obtain the best financial settlement possible.
Recent cases include one involving an international business and extremely valuable assets and pensions, as well as property abroad. He has acted for numerous doctors and other medical professionals, council workers, police officers and serving members of the armed services. In twenty-three years, Daniel has dealt with all walks of life and will adopt a professional yet caring approach to your situation.