Other members of the team here have already blogged about some of the changes coming into play soon regarding pensions.
This is very relevant when divorcing, because pensions are also looked as part of a couple's finances when reaching a settlement.
With a rise in what's called the "silver splitters", those reaching retirement age (as well as those who aren't yet) should therefore think very carefully before "splurging" their pension as this article suggests they might.
With 'pension liberation' due to be implemented in April, will the over-55s spend billions on cruises, property and fast cars? Steve Webb, the pensions minister, said he was relaxed about people spending their pensions on Lamborghinis. Easter this year coincides with the new tax year. But come the first weekend of April, while children are gorging on chocolate, pensioners might well be splurging on something altogether more indulgent. Or, at least, that is the hope of many whose fortunes rest on the all important grey pound. But at the start of the 2015 tax year, the over-55s will be able to treat their cherished pension funds like bank accounts, withdrawing as much as they need and using the cash for whatever purpose they deem fit.