Pension Sharing on divorce was introduced in December 2000 under the powers of the Welfare Reform and Pensions Act 1999. From 5 December 2005, equivalent provisions were introduced in respect of dissolutions of civil partnerships by way of the Civil Partnership Act 2004, and from 13 March 2014 marriage, and as a consequence divorce, was opened up to same sex couples by way of the Marriage (Same Sex Couples) Act 2013.

Pension rights accrued by either or both parties may now be shared. This is referred to as Pension Sharing. As part of this process, we can provide a Cash Equivalent Transfer Value (CETV) which can be used by the courts in deciding if or how a pension held in our Scheme should be shared.

For more information please see the Pensions on divorce/dissolution of a civil partnership factsheet on our website.