Case Study 2 - The Undervalue Cash Equivalent Transfer Value
- 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.
- 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.
- 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...
Nothing is complicated in the way you explain your fees. I wish I had known about you sooner...“I think the system as it is operated by the professional lawmen is a rip-off. Their charges have never been properly explained to me except in the narrowest of terms. I’m told it’s so complicated that even the profession has difficulty understanding it!! Nothing is complicated in the way you explain your fees. I wish I had known about you sooner.”
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