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...

Mr O’Connor provided me with much needed support and advice...
“Mr O’Connor provided me with much needed support and advice when dealing with pension sharing. I only wish his services had come to my attention earlier in the divorce process .I felt his attention to detail and breadth of experience left one feeling you were in safe hands. My heartfelt thanks must also extend to Linda whose efforts and care, were greatly appreciated.”
Mrs Brown - Warwickshire

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