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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

CETV vs Acturial valuations

3 replies

mondayblu3s · 11/09/2023 08:22

Having just spent several hundred quid on mediation (after the grant!) that my solicitor states "the proposed agreement is one which is in the range that the court might order" my still-unfortunately-husband now tells me he's taking legal advice about getting a further pension valuation - given he has used CETVs in mediation I am assuming his solicitor is advising him to get actuarial valuations. He has approx £300k in pensions, about 1/3 DB. Has anyone else experienced both valuations and do they differ much? His delay is going to cost us 1000s am sure of it.

OP posts:
SeulementUneFois · 11/09/2023 08:26

He's being stupid if that's his pension.
The actuarial valuation is very likely to be materially higher.
(Unless by complete coincidence of timing the current CETV is abnormally inflated right now by some offer from the company so that they can buy them out and get them out of the DB.)

Fourmagpies · 11/09/2023 11:48

Same as PP, I can't imagine that will go in his favour, so he'll be paying a fee and then most likely finding out the value is much higher. Someone I know has a small DB pension and the CETV is approximately 2/3rds of what you would need in an equivalent pot of a DC pension to generate the same income. I know an actuary looks at more than the income and at what other benefits there are to work out a value but he might not get the answer he wants. Strange advice from his solicitor as that's not a huge pot. Sounds like a delaying tactic.

Sayut · 11/09/2023 13:47

CETV have fallen heavily this year so far from DB schemes so I guess that might be lower now.

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