Re:Police Pension

For anyone looking into pensions, I found this page which gives you some useful information:

http://www.penfam.co.uk/update/article1.htm

Hope that helps someone
Anthony

I've been reading with interest all your posts as my partner is beginning divorce proceedings. He works for the fire service and I believe it's a similar process as with Police Pensions.
He's been married for 18 years and in the service for 20 years. He and his wife are both in their late 30's and she has stated she will be claiming 50% of his pension.
When they separated, they sold the family home and split the assets. She received approximately 65% of the equity.
She also has a pension in the region of £25k, in comparison to his of £110k.
Apparently her pension valuation was reduced due to poor management of the pension scheme, however, there is a potential that she may receive some compensation for this shortfall?
She has since said that she can obtain a study confirming that she will have a longer life expectancy and therefore, he will have to agree to a higher percentage of his pension.
Does anyone have a clue on how the percentages are calculated on settlement of pension sharing? My other half is at the end of his tether with trying to understand the process and my head's buzzing just trying to read the small print !!
Any help would be really appreciated.

Thank you, did some clearing up

I have a question that I'm hoping someone will help me with. My husband was previously married and his ex-wife was entitled to 50% of the martial portion of his police pension. Since he remarried, when he dies will his ex-wife be entitled to any of the pension benefits that goes to the surviving spouse?

Hi rjw.

In a word, the answer is no.

When the pension was divided, I would presume that it was done by court order / consent order.

She will have got her own percentage of the 'pension' pot which would now operate seperately from his.

So, in the event of his death, any death benefits - i.e widows pension would go to his 'current' spouse.

I'm pretty sure I'm right, as i've had to read all of this for my pension share.

Hope that helps.

Hi all, I have been reading through the pensions posts as unfortunately i am about to go down that line myself. Does anyone know how i can find out how much my stbx's pension is worth. He has told me he has requested the info but it takes up to 3 months to come through and i need info sooner rather than later to help me make a decision to settle for equity in house and leave pension alone! he is adamant that I do not go after his pension, he is a serving police officer (pc) due to retire in 7 years. Maybe Peter is out there as he seems to know a bit on this subject!

Hi,

You should wait for the valuation to come through to ensure that you are working on the correct valuation and valuation method.

Or if you have information on his salary and service in the Police force, Peter at BDM can give you an indication of what the value might be. There is a small cost for this (£50) but if an indication might be useful for negotiations this is probably money well spent.

Regards

Phil

The Divorce IFA

Although I am a Resolution Accredited Independent Financial Adviser my comments are given here as general guidance ­base­d on the (often limited) information available and does not constitute financial advice. They should not be seen as a substitute for detailed financial and legal advice.