Case Study 2 - The Undervalue Cash Equivalent Transfer Value

Background

Our client, Mr S approached us with a cash equivalent transfer value (CETV) for his ex wife’s pension valued at £90,000.
His pension had been valued significantly higher but both parties were members of the same pension scheme.

Concerns

He felt that the current CETV significantly undervalued the pension benefits of his ex wife.
His pension was in payment and his cash equivalent of benefit (CEB) calculation was overvaluing his pension benefits.

What We Did

We instructed an actuary to independently and professionally assess the current value of the pension.
We reviewed the CETV to ascertain what benefits it took into account.

The Results

Increased the valuation to £145,000.
He was able to enter the negotiations with more confidence knowing that the pensions had been independently and expertly assessed.
Ultimately, he was able to defend his pension benefits by increasing the value of her benefits.

What Our Clients Say...

He started his efforts by finding out what was important to me...

“Phil has given me an individual service following the courts decision to award me with several pension sharing orders, no easy task of trying to get them implemented when you are living thousands of miles away in the Far East and struggling in the fog to deal with them.

Phil impressed me from the start as he was not daunted by the fact it would not be a straight forward case. He started his efforts by finding out what was important to me, my attitudes to risk and what my goals were before making any recommendations. Phil is approachable and plain speaking who is totally dedicated to providing you with the best services and advice. I have no hesitation in recommending Phil as a trustworthy financial advisor. I now have peace of mind and am looking forward to a comfortable retirement.”

Mrs P - Singapore and Bedfordshire (Dual Residency)