Also known as an Earmarking Order, stipulates some or all of a policy holder’s pension benefits are payable to an ex-spouse or partner when payment commences. Such orders are granted by court order during divorce, but are now seldom used as they cut across the clean break principle that is often desirable as part of the divorce process.
1 November 2022 at 20:18:47
This glossary definition has been deliberately kept as simple as possible to give a brief outline of the term to assist with general financial knowledge. It is not intended to give a detailed explanation. Please refer to our Legal Declarations.