If you’re an adviser, and have been so for any length of time, it’s pretty much inevitable that you’ll be dealing with divorce (of clients, the job’s not that bad) about as often as, sadly, death (again, of clients etc.). Most of those in the early days will tell me that everything is amicable, they’re sorting out the finances between them, probably no need to involve costly solicitors and other legal stuff. But although you’re encouraged to work out the ‘who gets what’, as far as possible, between you, making it happen will usually need some legal and financial advice help, most definitely if pensions are involved. They can’t be passed on or separated without a sharing order issued by the court. My advice, for better or worse, is usually to ‘get legal’ sooner rather than later, as the later may end up costing you more (and often be complicated by the arrival of other parties on the scene). And if there’s any degree of complexity to your affairs, you’re likely to need us too. Again, sadly, and for better or worse.
“Majority of IFAs have no plans to use AI in their practices”
I remember sometime in the 90’s, attending a presentation by a successful adviser providing helpful hints to an audience of wannabes, young and old.
