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 would have no hesitation in referring more work to Mr O’Connor...“I confirm that I have within the past twelve months, referred work to Mr O’Connor on several occasions.
I can confirm that I have always, without exception, been very happy with the standard of work carried out, the very prompt response and the overall service provided.
On all occasions all work has been dealt with at a most satisfactory level.
I would have no hesitation in referring more work to Mr O’Connor and would be very happy to support his re-accreditation.”
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