An update from me. I've made no progress with the divorce to be honest. My stbx wanted the pensions kept out of the divorce and wanted to give me minimum equity on the house. I've told my solicitor who just laughed and said she was being ridiculous. I've not heard anything from her for a month so I think she is in the process of hiding or protecting things before contacting me again, so we will see.
How are you getting on?
I'm new to the board but your predicament sounds familiar.
My STBX has a teachers pension with a CETV of just £67,000, yet money advice service website suggests to buy an annuity replacing the benefits would cost £160,000 today. As my own DC pot is worth about £300k, so clearly the amount I'd have to give her would vary between £116k and £70k depending on whose valuation is accepted. And of course she 'doesn't believe' the MPS (gvot backed) valuation.
A pensions actuary would cost (me) around £1500...
"For a final salary pension or public service scheme the assumption that the member terminates membership of the pension scheme by way of leaving service will distort the valuation of benefits that could be apportioned as the spouses lost rights on divorce or nullity of marriage.
It will be necessary for those divorce cases where the CETV from the scheme administrator is not appropriate to consider other methods of valuing retirement benefits to produce a suitably adjusted CETV. This should be done irrespective of whether the division of the matrimonial assets will use offsetting as a settlement, earmarking order or pension sharing order."