Financial Order: husband can’t access his pension CETV

We used an estimate, we also had sold the house and split the funds buying other houses - court was fine with this, we both just had to declare we were happy and the solicitor writing the consent order vouched for us being of sound mind (same person for both.

if you are amicable you can work it out without paperwork, it’s just if there is conflict the problem will arise

Are you and ex in agreement that you heep the house and him all the pension? Dies he agree to rent forever. That feels very precarious in older years.

Are you having a pension sharing report completed by a PODE (pensions on divorce expert)? If so, so long as you have a recent benefit statement for the teachers' pension, the PODE will be able to use published factors to replicate the teachers' CETV that your XH will (eventually!) receive from Capita.

I honestly wouldn’t settle without the CETV

If you’re looking g at it to try to claim a share via offsetting or to keep equity I think you need to wait for cetv personally.

while it’s possible use some sort of annual pension income x 20 to try to value it it depends on life expectancy, numbers of years in scheme, index linking, whether lump sums taken, plus of course comparing your own pension if you have one in terms of future retirement income . It’s not just about capital split.

we estimated values because we didn’t share pensions or anything else - just house

also if you want to keep equity for example and he keeps pension you need to factor in things like where will he live …: long term renting in retirement may not be ideal

Are you desperate for the cash? Whilst it’s frustrating and Capital have their issues, without a quote or estimate of what the transfer value is how can you decide if keeping the house is the same deal financially?

If being exact isn’t a high priority I would let him keep his pension and you take the house and draw a line under it. Get this drawn up by a solicitor so it doesn’t come back in the future. That is if he agrees to it!

We were in exactly the same position. Still waiting for his CETV and will be two years next month since it was requested ( and paid for).
I had a sneaking suspicion this would happen so my ex and I ( we’re on perfectly friendly terms) figured out the likely pension division and put that in the financial order submission. My solicitor (god bless that woman) insisted on spousal maintenance until the pension sharing order was enacted by TP. It went through without a hitch. Which is brilliant, otherwise I’d still be married and still waiting! Would this be a possibility for you? My solicitor said, when the pension order is finally enacted by TP, it might be a bit more, might be a bit less than what I’m currently getting as a monthly spousal maintenance from my ex, but it’ll be there or thereabouts. It’s a nightmare. I can’t believe they’re able to get away with being so dreadful.

My situation isn’t quite the same but me and ex sat and did our d81 together and simply put values in we were fine with to get to the outcome we wanted, we had agreed 50:50 on house then we keep our own pensions/savings/cars etc. we simply write numbers to confirm that and used estimates /ballparks so it looked equal .

went through unchallenged.

We agreed an estimate. That worked for us because we didn’t need nitty gritty detail (we split up 12 years before and have both moved on with other partners), and we knew how we were going to split the assets.

I had this problem -TOS are utterly useless - the private pensions produced them straight away.

I have finally got mine through...spent the last school holiday calling and emailing literally every day...it's taken months and months. STBXH was also public sector and still hasn't had his, it's horrific

We have staff who left months ago with no pension. Thanks to Capita. He isn’t lying, it’s a big problem.

@GrumpyDriver i can believe it - not sure where all this will end up but the employers are certainly catching the brunt of it. It really showed me how little people know about how their pensions actually work

I used to work in the field at a company where we originally outsourced to capita and then they switched to TCS Diligenta and ...oh boy.....you think Capita are bad.....

if you can come to an agreement yourselves you don’t necessarily need the cetv.

if he’s already retired he knows what payments he is getting.

Yes this impacted us.

we elected to proceed with the divorce anyway (and yes apparently the delays are in the years) because my husband’s new girlfriend was pregnant and she wanted to be married before the baby was born.

look at the projections and compare to other pension.

to be honest mine was so small ExH was happy to ignore it.

They’re not doing them at the moment I believe they’re on hold for a while. It’s rubbish I requested mine in August 25 and got it June 26 and even though I had to complain twice I was lucky to get it in the end. I have heard even doing a pension sharing order also takes forever but we haven’t got that far yet

You can estimate a CETV if you know the likely annual pension

• Ages 40–49: Multiple of 12× to 15× annual pension.
• Ages 50–54: Multiple of 15× to 18× annual pension.
• Ages 55–59: Multiple of 18× to 22× annual pension.
• Ages 60+: Multiple of 20× to 24× annual pension (Highest multiple because payments begin almost immediately).

If you are 58 years old and your annual accrued TPS pension is £15,000:
Estimated CETV = £15,000 times 20 = £300,000

This won't stand up legally but will give you a ballpark figure to know roughly where you stand compared to housing equity or other assets.

https://schoolsweek.co.uk/teachers-pensions-delays-unacceptable-says-minister/

definitely a known issue - friends who are teachers getting divorced seem to have had long delays getting what they need from Capita

No you always need the CETV

it is the truth. THey are being very slow and leaving lots of people exposed financially because of this - no financial order no protection from ex partner running up debts and being held jointly liable. ITs disgraceful