http://www.sharingpensions.co.uk/pensharing.htm
(­link­ above to company who can do the reports on line )
Hi have posted on this before and have had a chat about it with Peter at BDM but would like independent legal view of using this much cheaper method of getting an actuarial report.
When I mentioned it at mediation - the reaction was, to say the least, cool if not dismissive.
Possibly because its a new method and still unfamiliar to many? Is there a chance that when it all goes to court to be finalised I may have problems with it - will it be accepted? I cant afford the £500 + but dont want to waste time or money getting it wrong.
Advice / opinion much appreciated
Thank you
Catx

Hi there

For any report to stand as evidence you require the appointed expert to comply with the Civil Proceedings Rules, and ususally there is a joint intstruction, opportunity for either party to ask questions, and for the expert to be requested to come to court to be cross examined if necessary.

While this truncated report may be useful in the negotiation process, a full report would be required if negotiation failed and the matter went to proceedings.

However, one use of the report may well be to demonstrate if a report is required at all, in that it can give an indication as to how close or otherwise the scheme CETV is.

Amanda

Are we talking about BDM's innovative low cost express valuation ?
I got one to try to show [ in retrospect]that my CETV should have been independently valued before my FDR negotiations on pensions.The investigating solicitor has so far ignored it[and many other uncomfortable bits of evidence]
BDM's website is very clear on the intended use and limitations of the express valuation.
I spoke to a West Yorkshire IFA who specifically denigrates getting "Express Valuations" on his website and challenged him to explain the reasons: he promised to do so but hasn't so far.
It would transform pension negotiations if "express valuation" holders were able to state with confidence and persuade courts that this low cost valuation is a trustworthy indicator that the pension scheme's own CETV is a serious undervaluation for purposes of divorce.

Thanks Amanda
I will go ahead with it like you say to see if valuation varies dramatically. Also still hoping it will all be amicable ?
Cat x

Hi Maggie
Thanks for response
I will go ahead with it and keep people informed of how it goes so I can share my experience of it and possibly help other peeps making that decision in the future.
Catx