Case Study 4 - Pension Sharing
- Mrs C, aged 58, had been granted a 25% pension share in relation to her ex husband’s British Aerospace Pension Scheme benefit which was already in payment.7
- Mrs C was a member of the Merseyside Pension Fund, part of the Local Government Pension Scheme and wondered whether this should be the destination for her pension credit.
- She was extremely risk adverse and likely to retire at age 65.
- Mrs C was unsure of how to deal with the pension share on divorce.
- She was concerned about her options, what benefits she was entitled to and where the pension credit should be placed.
- If the pension had to be transferred to a individual pension how should this be invested.
What We Did
- Provided a comprehensive overview of the options on divorce, explained why some options were not available to her and discounted others as inappropriate.
- Advised her to transfer her 25% pension share to a personal pension arrangement in her own name having discounted the other options.
- Undertook a psychometric risk profile exercise (see www.FinaMetrica.co.uk) to develop a more rounded understanding of her risk tolerance and built a suitable asset allocated investment strategy.
- Mrs C has a pension entitlement in her own right with the flexibility to draw benefits as and when she wants.
- She has a full understanding of the risks in her pension and what benefits she will be entitled to at retirement.
What Our Clients Say...
You have been fantastic...“Just a note to say that I have received a letter today to confirm that the money has been transferred into my pension. Just to say a big thank you for all your help in this matter. If it wasn’t for your help I would still be struggling to get this sorted. You have been fantastic in this and I really appreciate all your help as I have gone through such a difficult time.”
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