UK - Complex pension sharing legislation is forcing family solicitors to call in actuaries to evaluate and assess assets in divorce settlements, Chambers Townsend Consultancy says.
The firm of actuaries and consultants says the practice of accepting cash equivalent transfer value at face value no longer works under pension sharing legislation.
The assets of individual pension funds must now be assessed prior to retirement.
It further pointed out that these requirement calculations mean valuations can now differ by tens-of-thousands of pounds, according to which method of working them out is used.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point