I'm in the same boat- will let you know after the FH on May 12th.However the DJ at the FDR ordered that an actuary report be obtained- half to be funded by him and the other half by my legal aid certificate- she said thet the CTEVwas not a fair assessment as he can retire at 55 or 60- so this is being done at the moment. I will say that his pension provider has been very unhelpful and is dragging its heels and takes a long time to response to the solicitors letters.
Hope this helps.
The value, either from a CETV or from an actuarial report, will be the current value of the future pension. In essence we project the future pension income and then work out how much money would be need to be invested now to generate that income.
Although its the current value it is of course locked up in the pension scheme. You have to imagine that the value is cash that has just been invested in a pension plan. Its a real amount of cash, just put where you can't get at it yet.
As to value I'd need more to go on, but at a guess between £300,000 and £400,000.
thank you for your help i hope you are right on the value
he pays 11.5 percent of his wages and i think the fire service match that he pays in £280 a month and earns over 30k a year i remember seeing his wage slip 16 yrs ago wnen we got married and he was paying in £175 pound then
he told me its worth 32k and due to the fact i pact up work for some years to look after the boys i will only get 30% as i was independent of him my solicitor did laugh at that
i was looking on a value of about 100,000 to 150,000 between us we have equity on the house of 120,000 so i was hoping to trade the pension in but if your value is right i might have some thinking to do