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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.

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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.


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fees by a pension actuarist

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08 Jun 21 #516921 by fresh start
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Hi
Our joint report cost - just under £3,800 - shared equally by us both
My only request from the report was equality after a long marriage
My ex’s solicitor and barrister asked for a range of request.... which pushed the cost up to a ridiculous cost
His solicitor sent me the quotes from 3 different actuary firms ( quotes were all very similar ) -I had to pick the one to use
The firm picked were employed in Feb 2020 then the start of Covid delayed the firm collecting all necessary documents and remote working delayed things further
I then heard from them in April to say they had started gathering necessary information but the report was not sent to us both till Nov 18th 2020 - which was cutting it fine for our FDR 8th Dec
I had 2 pensions - a small social services pension and my current NHS pension
My ex had 2 deferred pension and his current pension to be factored
The report was very long but very easy to read the main information




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09 Jun 21 #516924 by Irungu
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Thanks for your comprehensive response.I really do appreciate it.

Kind Regards
Phylis

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21 Jun 21 #517034 by Irungu
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Hello,

Could you please share the details of the pension actuarist that is dealing with your pensions? Roughly how long would it take for 2 NHS pensions CETV is present and a UNICEF withdrawal pension?

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21 Jun 21 - 21 Jun 21 #517038 by fresh start
Reply from fresh start
Hi
I don’t think I can name the firm on here but happy to private message you the firms details
It really depends on what is set out at FDA ( Letter of instruction) as to how long it will take and cost of the report
I previously stated ours was costly and had many scenarios due to his barrister & solicitor wanting them- Plus took so long due to Covid -as at the time many firms were starting to work from home

Re your NHS are you aware re the McCloud report ?
Google it for full report - basically your 2015 pension can be amalgamated into your 2005/2008 ( plus earlier) If you so wish
But anything going into pension as from 2022 -everyone will be on the new same pension.
The time it takes for it to be completed? It really all depends on how long it takes for the actuary firm to gather all up to date CETV - how many scenarios have to be factored into the report

Mine was so long and drawn out but I was very lucky to have a great outcome and am so proud of myself with the support from Wikivorce
that I stood up to his barrister and solicitor and came out at the time nearly £50,000 more than I asked his solicitor for !!
Now and even better result is -whilst my FDR was in December -I did not receive my Decree Absolute until 14th May - (I know it can be a gamble as pensions can fluctuate up/down) But the pension is based on the date of Decree Absolute and mine has massively increased
But whilst I have had a good increase -there was still not closure - mentally I needed that

Will message you the firm I used


Regards
Lynn







Last edit: 21 Jun 21 by fresh start.

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21 Jun 21 #517040 by Irungu
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Thanks for your speedy response.

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25 Jun 21 #517118 by Irungu
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Hello, are you able to DM the quote details of the actuarist that you utilised?

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28 Jun 21 #517130 by fresh start
Reply from fresh start
Hi
I did send you a private message 21/06 re actuary firm that was employed
Lynn

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