A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info


What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Is it worth including pensions in my case

  • The Divorce IFA
  • The Divorce IFA's Avatar
  • Platinum Member
  • Platinum Member
More
28 Aug 12 #352427 by The Divorce IFA
Reply from The Divorce IFA
Hi,

The reference to AVCs suggests a final salary scheme.

To ensure a like for like comparison ideally it would be useful to see the CEs and scheme booklets.

It is simplistic to assume all final salary schemes are equal (and in fact yours is now a career average scheme)but it would appear that neither is money purchase so there shouldn''t be a huge disparity.

Phil

  • esox11
  • esox11's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
28 Aug 12 #352455 by esox11
Reply from esox11
Thanks phil.
My only other thought is that my s2bx has recently completed her degree course and now the kids are off to uni she will seek to extend her career and seek promotions. This was ''our'' plan previously. That will give increased earning and pension potential.... May be usefull arguements if push comes to shove but my pref would be for it to be done without pension inclusion.

Thanks again.

  • ian conlon actuary
  • ian conlon actuary's Avatar
  • Platinum Member
  • Platinum Member
More
29 Aug 12 #352549 by ian conlon actuary
Reply from ian conlon actuary
Both pensions may be defined benefit (either final salary, career average earnings or combo) that does not mean that the CETVs are directly comparable. The CETV is the value that the scheme places on the accrued benefits (the benefits built up based on service to date). Each scheme will have it''s own basis for calculating CETVs so you could have identical benefits under two different schemes but the CETVs would differ.
The only way to compare the two pensions on a consistent basis is for an actuary to value both pensions. It is not possible to tell in advance whether this would be to your advantage or your stbx''s.
You should, at the very least ensure that the CETVs are both calculated at or around the same date.
Hope that helps.
Ian

  • esox11
  • esox11's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
29 Aug 12 #352659 by esox11
Reply from esox11
Ta Ian. How do I get that done though. The cetv she has presented has very little info on it.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11