We believe that the CETV for final salary schemes, and the CEB for pensions in payment, are not usually appropriate values for use in divorce.  See why here.

We therefore recommend that you use the values shown in Section 4 of the report in any offset settlement.

The starting point is our "best-estimate" values. These are market-consistent values, with no allowance for tax.

You may also want to adjust this value to allow for tax and for the importance, or utility, of cash to the parties.  This is sometimes called "discounting" by solicitors. We have developed a method for valuing the discount by combining utility theory and actuarial techniques. This needs some simple knowledge of the future financial wealth of the two parties.

We show in the report a discount to apply and the revised pension values for offsetting. Unless we have been told what assumptions to use we will have used our default assumptions of the future financial wealth of the two parties.

If you wish us to use different assumptions of the future financial wealth of the parties then you can instruct us to make such calculations at the same time as asking any other follow-up questions.