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Pension CETV not essential for pension sharing?

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08 Jul 08 #31456 by Nigel@BDM
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Maggie,

We need pension holder (not spouse) consent to get any member details. Some schemes want the same to release general scheme information.

I believe a judge can force someone to give consent, but don't know how.

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08 Jul 08 #31469 by maggie
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It would be great if we could get the legal viewpoint on pension sharing from divorcelawyer to give a complete picture of current practice.
As a divorcer going through pension sharing you get what your solicitor and barrister dish up in your case - and repent at leisure ; it would be ideal if wikivorce could illustrate legal best practice to give us a fighting chance of a good deal.

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14 Jul 08 #32696 by maggie
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Could I ask Nigel@BDM some dumb questions about his example:
"Different outcomes of a 50% of CETV share
For a couple both aged 45 sharing his current defined benefit pension
His pre-share pension is projected to pay £25,000pa from age 60, to be worth £250,000 and with a CETV of £200,000.
Scheme type 1
Internal credit to her. His debit calculated and deducted at retirement
His pension £16,500pa Her pension £7,900pa
Value £164,700 Value £ 82,300
Total value £247,000
Loss due to sharing £ 3,000 (costs)"
Can I assume the pre-sharing pension income of £25k is the deferred pension income he would get at age 60 if he left the pension scheme on the day the pension was shared? ie it's based on his salary and years of service on the day the CETV is calculated? It disregards his future contributions?
How does each half of the CETV produce such different pension incomes when shared?
How is her half of the CETV dealt with by the defined benefit pension scheme?
Is her pension income based on the same defined benefit formula as his?

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14 Jul 08 #32699 by Nigel@BDM
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Maggie, the answer's quite long so I'll send you separately a draft of a guide on pensions we're in course of preparing for people going through divorce. Anyone else who would find more info useful please let me know.

Nigel

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14 Jul 08 #32704 by maggie
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Thanks very much - much appreciated as is all your advice and information on this forum.
I look forward to reading it.

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