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...

I only wish I had contacted him sooner...
I am extremely happy with the advice and information Phil has given me, he was very quick to reply to me and has reduced my stress levels massively. I only wish I had contacted him sooner. Thanks for all your help.
Victoria Holmes - Sudbury, Suffolk

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