Whilst pensions no longer form part of the bankruptcy estate there are still plenty of historic cases where pensions are yet to be realised. With the new pension freedoms there are better ways to draw funds down than a straight forward tax free lump sum and annuity. These need to be fully explored to make sure you are realising the pension in the most tax efficient manner and without placing the former debtor in a detrimental position in resect of the money purchase annual allowance.
There may also be cases where a full investigation into a debtor may be required. Our search facility writes to 40 insurance companies looking for assets that could hold a value to the bankruptcy estate. This covers more than just pensions. The report provided would then highlight any current, lapsed or surrendered polices the debtor may have held.
Again, these services would be provided on a fixed fee basis agreed prior to any work being undertaken.