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Pension Valuation

6 results - showing 1 - 6
Use of the BDM Express Pension Valuation - Scottish Law

Notes on the use of Bradshaw Dixon & Moore's Express Pension Valuation (EPV) for cases under Scottish Law

Independent valuation - to do, or not to do?

How to decide whether you should consider doing independent actuarial valuation of a pension.

Examples of how much a CETV can undervalue a pension
This short document provides examples of how much a CETV can undervalue a pension based on the pension type, e.g. NHS or armed forces etc.
The new basis for calculating CETVs (April 2008)

After an extensive consultation process, the calculation basis for Cash Equivalent Transfer
Values (CETVs) for final-salary pension schemes is changing. The new basis is due to come
into effect in April 2008, but this does not mean that thereafter CETVs will always produce a
fair value for dealing with pensions in a divorce or dissolution.

Why the CETV is sometimes an inappropriate valuation method
The CETV (cash equivalent transfer value) is the most widely used valuation method for pensions. But there are some circumstances when the CETV is not the most appropriate method and where it may significantly undervalue a pension.
Pension Valuations
There is some argument about whether pension accumulated prior to the marriage should be included or excluded (that’s one for the lawyers).

If the outcome will definitely be a pension sharing or attachment order, then there is a good argument for not spending good money calculating whether the CETV is reasonable. However, this assumes that the way that the shares are implemented is not detrimental to either or both parties. Often they are not, and this is an important area where actuaries can and should add value.
6 results - showing 1 - 6