Case Study 7 - The Separating Couple
- Mr & Mrs C were both aged 61, in good health, with three grown up children. Mr C had a British Petroleum pension in payment of £18,000 per annum with provision to Mrs C on death of £15,000 per annum (83%).
- How to provide an adequate split of pension assets which was fair to both sides.
- No shadow membership available.
- CETV – poor value to both sides.
What We Did
- Requested an actuarial report which stated that the share needed to be 63%:37% in Mrs C’s favour to equalise gross pension in payment of £7,000 each.
- We advised on the clients on their options including the costs of implementing a pension sharing order and the consequences of this approach.
- Clients decided not divorce but legally separated.
- Mr C retained his higher pension.
- Mrs C retained her 83% benefit on Mr C’s demise.
- Both would have been short changed by a sharing order.
- Novel and innovative solution.
What Our Clients Say...
I can’t recommend him highly enough...Faced with an impending divorce at the age of 43 I was filled with fear and uncertainty. Phil’s calm, caring approach and professional advice helped reassure me about the future and he guided me through issues and decisions that could have had a very detrimental impact on my finances – I can’t recommend him highly enough.
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.