For some the change to pension rules is welcome and many will be deciding to take money from their pension pot and invest it elsewhere, or maybe even go on a spending spree! However, it is concerning that those who have earmarking orders against their ex-spouses' pension could now lose out totally if the benefits are not properly protceted. Are the pension companies going to inform the ex spouse? Is the person taking money out from their pension going to contact their ex spouse? This seems unlikely!!

Earmarking orders are rare nowadays since pensions can be shared on divorce with pensions being transferred within a few months of the divorce being finalised.

Lets hope the pension reforms have not created a loophole and those with an earmarking order against their ex-spouses' pensions now act and ensure their benefits are protected.