£25 Actuarial Report values a defined benefit scheme. It takes only 10 minutes online and gives you a 5-page report signed off by an accreted actuary click here
Pension values 30% greater than the CETV.
On divorce find out if the provider quote values the pensions fairly. Start here by comparing some valuation examples
Burrows
v Burrows (1999)
The couple married in 1978, separated
in 1994 and at the time of divorce they had two children.
The matrimonial
assets exceeded £1,000,000 in total value with
the family home worth £400,000, the husband's interest
in a company worth £275,000 and the husbands pension
fund worth £265,000. The District Judge ordered
the sale of the family home with £349,000 going
to the wife with maintenance of £1,200 per month
from the husband's income of £3,000 net per month.
There was also
an earmarking
order for half of the maximum possible tax free
lump sum from the husband's pension and half of his
annual pension income. The husband appealed against
the earmarking order and this was allowed by the court
against the pension
income only, as per the Matrimonial Causes Act 1973
(MCA 73) stating that an even split between the parties
was not appropriate.
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