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DATE OF CETV FOR PENSION REPORT

  • Chevette
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20 May 21 #516773 by Chevette
Topic started by Chevette
I am respondent in divorce going through court for ancillary relief, we separated in October 2019. We had FDA in Dec 2020. my CETV on form E was produced end of jan 2020 and was accepted by the court with no problems. The court ordered single joint expert for pension report, with the Letter of instruction to be sent early Jan. Other side have purposely delayed process by 3 months, so much so I had to raise an application to have court orders enforced, they only then agreed to abide by court orders & an actuary was finally instructed.
The Actuary has requested an updated CETV as mine is now over 12 months old.
My CETV fully covers the period of the marriage, I am going to refuse to supply a new cetv as it was the other side that delayed the process & it is not in my interests to supply a new one......
Where do you think I stand on this issue?...Would I need a new court hearing to have a judgement made or should the existing CETV be accepted as it was in date for the form E & FDA?, any advice gratefully recieved

  • hadenoughnow
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21 May 21 #516774 by hadenoughnow
Reply from hadenoughnow
Hmm. Any pension share will be based on the fund at the time of sharing. Failing to provide an up to date CETV will just slow things up.

The actuary needs current figures to work out percentage shares. Hopefully they have been asked to make calculations based on funds accrued during the marriage and outside of it. If the fund has grown post separation a smaller percentage of it would be needed to equalise incomes on retirement based on pension accrued during the narriage.

Hadenoughnow

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