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What is your duty to co-operate with your regulator?
Zoe Beels
When it comes to determining spousal maintenance - should we have a system which delivers an outcome that is certain or one which is discretionary? This was the topic of a lively debate hosted by the Kingsley Napley family team with a panel of speakers that included esteemed family law judges and QCs. Context was provided by Baroness Deech’s Divorce (Financial Provision) Bill which, at the time of the debate was at committee stage in the House of Lords (it is now at 2nd reading stage in the House of Commons).
January is the month for New Year resolutions and, unfortunately, for some this involves deciding to push forward with the divorce they have been contemplating.
“Divorced Women missing out on Pensions Wealth” - so shouted the headline in the Daily Telegraph on the 7th January 2019, a date coincidentally dubbed “Divorce Day” by the media, so clever positioning by the Royal London to whose Director of Policy, Sir Steve Webb (the former Lib Dem MP and Minister of State for Pensions in the coalition government of David Cameron) the headline belongs.
No one, anywhere, has any idea which direction the property market is going to go in 2019 but if you ask Mark Carney, the Governor of the Bank of England, his worst case scenario is that a post Brexit UK, with no deal, it could see prices fall by 35% over three years.
Today saw the conclusion of the long running Mills v Mills saga, with the Supreme Court handing down judgment in the husband’s appeal. The Supreme Court had been asked to consider whether the court was entitled to decline to increase Mrs Mills’ maintenance payments to fund payment of all or some of her rent when her housing needs had been catered for in the original divorce proceedings.
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