Welcome
This blog is intended to encourage an exchange of ideas and promote debate about the financial issues that arise in a relationship breakdown. The concept is to create a platform for discussion that is not available elsewhere. Aimed mainly at professionals working in this area; lawyers, accountants, financial advisors and actuaries, it is also a potential source of information for the general public.
In our experience there is a significant variance in how professionals handle pension assets in divorce, with little consensus on which methods give the best outcome. We feel this is due in part to a lack of centralised knowledge and debate on what can be a complex issue. We intend to address this by posting our original articles on key subjects, as well as those contributed by others. Our intention is to post quality, discussion-worthy topics at least once a month, or more often if the need arises.
We encourage comments and contributions from all. Comments can be added to the articles on-line, if you would like to submit an article please email us at ancillaryactuary@bradshawdixonmoore.com.
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If you would like to know more about us and our reasons for blogging, please click here for a short bio.
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Public sector pensions - CEV problems - progress at last?
Contrary to what we are being told by the various pension scheme call-centres, it would appear that the public sector schemes have now received the revised calculation factors. The evidence is sparse and of course the situation varies from scheme to scheme.
Some schemes have apparently lifted the CEV calculation embargo and others are in the process of updating their systems. Regrettably, we cannot yet say when this will translate into scheme members receiving their valuations.
It should not now be too much longer before the essential calculation factors are available and work can recommence on cases that have been held up by this sorry affair. Our view is that it is too early to say when completely normal service will be resumed, so it would not be advisable to plan hearings and other case landmarks purely on the strength of what we know.
Probably the most frequently asked question we have been asked over the last few months is when the current situation will be resolved. We still cannot give any clear answers on time scales but if we can assist in any other way, please do contact us. [info_at_bdm-mail.com, tel 0845 838 2551]
Overall there is now at least a glimmer of light at the end of what has been a particularly murky tunnel.
The Ancillary Actuary
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