Case Study 1 - The Miserly Offer
- Our client, Mrs F approached us after being offered 55% of her ex husband’s pensions.
- She was concerned that the offer was not a fair one after such a long marriage (25 years).
What We Did
- The parties agreed to look at the split on an equality of income basis.
- We produced a report (including actuarial input) factoring in sex, ages and importantly (in this case) the client’s health. The ex husband was in poor health.
- The report concluded that the split for equality of income should be 68% to our client.
- The client agreed a 63% split in her favour.
- This was an 8% increase on the initial offer which equated to £120,000 in extra cash equivalent transfer value.
- She will receive an extra income of circa £7,200 per annum.
What Our Clients Say...
He delivered a thought provoking and eye opening session...I asked Phil to present at the Family Mediators Association Conference on Pension Freedoms within the context of divorce and financial settlements. He delivered a thought provoking and eye opening session full of ideas and case studies. The feedback I received from our delegates was extremely positive. If you are struggling with the challenges that pension freedoms throw up then Phil’s your man.
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