Hi I am trying to divorce my husband after finally plucking up the courage. He vowed to put every obstacle in my way and seems to be doing a pretty good job. He has paid into a local govt. pension for 35yrs. I paid into a local govt pension full time for 6yrs and part time for 8. We both have our CTVs and obviously my husband''s is much larger than mine. His solicitor has advised him to get a pension actuary''s report. I don''t really understand why. Can anyone help? I''d really appreciate it. I have a meeting with my solicitr next week and want to go prepared. Thanks
You might want to talk to your solicitor about suggesging you get a joint actuary''s report before he goes off on his own and gets one. If you have a joint instruction you will both have a say in what you are asking the actuary to calculate.
Your husband is probably trying to get the maximum valuation of your pension and the minimum one for his. You would then need to get your own to counter this. The costs would escalate and you might well have to get a joint report in the end. So getting one at this stage (which will cost about £1000 between you) will save money in the long term. You can get the actuary to calculate how much should be transferred under a range of scenarios.