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Pension Claims on Divorce - IoW Solicitors
Pensions can add up to a sizeable percentage of a family’s assets. In the event of divorce, they need to be considered in the context of the total family assets to ensure a fair overall settlement.
Glanvilles Damant Family Law team has extensive experience in dealing with pensions of all types: from private to company schemes; public sector to Armed Forces.
The right pension order
There are several ways of dealing with pensions when making a financial settlement.
To ensure the right pension order is made, the actual size of the fund needs to be calculated.
This can be achieved by obtaining a statement known as a CETV (Cash Equivalent Transfer Value) from each of the pension providers.
Where more sizeable pensions are involved, instructing an actuary could be the fastest way of reaching a settlement.
The actuarial report will give advice and recommendations on an appropriate division.
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