SPOUSAL SPLITS
Pensions authorities are concerned at the apparently legitimate way that former Anglo Irish Bank Chairman Sean Fitzpatrick was able to split his €3.7 million pension with his wife Catriona, says the Sunday Tribune. Fitzpatrick was declared a bankrupt last month but his pensions move put her 50% of the pension out of reach of creditors. If loopholes are not closed it will make pension law unworkable, say experts
Tags: Pensions
