My Consent Order is with the court waiting to be considered. My Stbx had a CETV of over 1 million. We agreed on me being awarded a 28% share, I had asked for 35%, as he paid into his pension for 25 years prior to our marriage. It is a company pension already in payment. I am now worried that the stock market crash due to Coronavirus will have massively effected its value and thus what I receive. I have a very small company pension I have less than £500 a month and years until my state pension. I accepted his 28% offer based on his cetv value and the fact that the divorce had been dragging on for a long time. The Decree Absolute hasn’t been applied for. Is there anything I can do? I have no idea what effect the stock market crash could have had on his CETV.
Any help would be appreciated.
What kind of pension is it? If it is a defined benefit pension and you are able to share within the scheme, it should be reasonably secure. The PPF is also there to help if things do go wrong.
How old are you? When will you need to access the pension?
If you cannot share within the scheme and have to invest in a private fund, now might actually be a good time to do that. You really need to talk to a financial advisor about the best way to maximise your fund.
It is a final sale ro scheme, already in payment and I can’t jointed pension scheme. I am 61 and hope to leave pension share invested until, state pension age as long as my health holds out. Have a financial advisor, may need to change how much risk I am willing to take to put more in shares.