Island knowledge, national expertise
Pension Claims on Divorce
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.
Pensions are a complex financial area. The Glanvilles Damant team can examine what you are entitled to, or liable for, and help you reach a fair settlement.
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