Pension sharing

Ex has 3 pensions, total CETV value of all is
£122,000.

If a pension share is awarded who decides which pension or pensions I would get.

As far as I can understand his best pension is his current lgps which is a final salary scheme and I could, I think, become a credit member of this scheme.

Anyone any ideas?

Hi,

The answer is you decide between you through negotiation. There may be benefits to either party in using a particular pension to satisfy a pension share. (For example, there could be 3 lots of costs associated with sharing 3 pensions. Therefore, you would look to share only one pension to reduce these charges).

The LGPS scheme will deal with "your" share by making you a credit member as you will not be able to transfer the benefits away.


Regards

Phil

Please note: Although I am a Resolution Accredited Independent Financial Adviser my comments are given here as general guidance ­­­base­­­ d 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.

With regards to ex's pensions I have asked his solicitors to provide me with a schedule of benefits for each pension.

Have requested this due to advice given on this site. However, I don't really know what information these schedules will provide me with - any ideas.

Hi,

How have you done this? Has it been requested using form E?

Regards

Phil

Please note: Although I am a Resolution Accredited Independent Financial Adviser my comments are given here as general guidance ­­­­base­­­­ d 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.

There's a chance that evidence on current CETVs and current pension is held by the pension member and might be disclosed voluntarily.
Always better to get any free/voluntary information that's available at the first opportunity - this gives the potential sharer more time to understand/get advice.

Phil,

Have voluntarily exchanged form e's.

I sent a letter to his solicitor with a list of questions, including one about pensions.

First court date 13th May so am hoping, if no response earlier, court will ask him to provide this information.

I currently do not have a solicitor 2nd solicitor is being investigated by SRA and closed down and recently 3rd Solicitor has closed down due to illness.

So, am going it alone at the moment.

Hi,

Post again when you have any further information. The response to the Form E should be interesting.

Stick to your guns you have a right to a lot of information.

Good luck.


Regards

Phil

Please note: Although I am a Resolution Accredited Independent Financial Adviser my comments are given here as general guidance ­­­­­base­­­­­ d 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.