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 couldn’t have done it without him...
“Due to the complexities of my divorce it took just short of 3 years for the finances to be concluded. During this time Phil was a constant source of support. His advice and guidance was especially important and gave me the courage to continue to fight for what was legally mine.

Linda his PA was also extremely supportive and I found the team at The Divorce IFA very helpful at all times.
I would not hesitate to recommend Phil’s services. I couldn’t have done it without him.”
Jane Ashurst - Wigan

Do You Have A Question Related To This Case Study?

Use the form below to ask me anything about this case study. I promise that anything you say will be 100% confidential.

  • Some of our Accreditations & Awards