Pension Sharing

Just a thought, what is the correct term for the valuation and who do you approach to obtain it. Also would my husband have to do it as it is in his name? Thank you

Hi,

The correct term for the valuation is cash equivalent beneft (CEB).

You will need an actuary to calculate this. If you send me a pm I will put you in touch with who I use.

You can order the CEB valuation but you will need to first obtain quite a bit of information from your husband's pension scheme. Under certain rules they are obliged to provide this information to you.

Regards

Phil

Please note: Although I am a Resolution Accredited Independent Financial Adviser my comments are given here as general guidance ­­­­base­­­­d on the (often limited) information available and does not constitute financial advice. They should not be seen as a substitute for detailed financial and legal advice.

On the issue of instructing an actuary: do of course discuss this with your solicitor, who will need to discuss with your spouse's sol, because if you just order a report, your spouse's solicitors are not obliged to accept it.
Usually if there is an issue such as this that needs addressing, the two sides agree to instruct an expert as a Single Joint Expert, in other words they (broadly) agree to accept the SJEs decision rather than each produce separate reports. This joint approach ensures that the terms of the report are agreed and therefore the same on each side, and of course a shared cost keeps the overall expense down.

There is a lot to think about in these postings. Thank you to all who have contributed.