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Unscrupulous divorcees snatching pension pots!

Financial watchdogs have hatched plans to stop divorcees exploiting new pension freedoms to swipe retirement pots from each other.

Pension providers will have to block people trying to cash in their entire savings at once as a way of dodging 'earmarking orders' that force them to share income with ex-partners, according to proposed new industry guidance.

Exes are already routinely told when pension payouts begin, but extra safeguards would give them the chance to apply to the courts before an entire pot is swiped in one go, which is now possible under the new pension freedom rules.


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