Financial mediation is a voluntary process for couples to resolve financial disputes related to separation or divorce. It provides a neutral platform facilitated by a trained mediator to discuss and negotiate financial matters, such as asset division, spousal maintenance, and pensions. 

Mediation offers couples a cost-effective and efficient way to resolve financial disputes without resorting to court proceedings. It allows for greater control over the process and can lead to quicker resolutions while maintaining confidentiality. 

Any separating or divorcing couple can voluntarily participate in financial mediation to address their financial matters. It is suitable for couples who wish to explore alternative dispute resolution methods and avoid the adversarial nature of court proceedings. 

Financial mediation can address a wide range of financial matters, including the division of assets and debts, spousal maintenance, pensions, and arrangements for child maintenance if both parties agree to discuss it. 

During mediation sessions, a neutral mediator facilitates discussions between the separating couple, helping them explore options and reach mutually acceptable agreements. The mediator does not provide legal advice but assists in facilitating communication and negotiation. 

Any agreements reached through financial mediation can be documented in a legally binding document known as a consent order. This document can then be submitted to the court for approval as part of the divorce proceedings. 

The duration of financial mediation depends on the complexity of the financial issues involved and the willingness of the parties to cooperate. Typically, mediation can be completed within a few sessions, but this can vary from case to case. 

Yes, while mediators can provide general information about the legal aspects of financial matters, they do not offer legal advice. It is advisable for each party to seek independent legal advice to ensure they understand their rights and obligations before reaching any agreements. 

Yes, financial mediation discussions are confidential, allowing couples to discuss their financial concerns openly without fear of disclosure. However, there are exceptions to confidentiality, such as cases involving criminal activity or child protection concerns. 

If financial mediation is unsuccessful in resolving all issues, couples can still pursue other avenues, such as court proceedings, to address their financial disputes. However, mediation often remains an effective first step in attempting to reach an amicable resolution.