Case Study 1 - The Miserly Offer

Background

  • Our client, Mrs F approached us after being offered 55% of her ex husband’s pensions.

Concerns

  • 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 Results

  • 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.
Beverley Sayers - Chair - Family Mediators Association

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