Reports on pensions on divorce and use of valuation and experts
The Pensions Advisory Group has published two reports on the legal issues of pensions on divorce and valuation and experts in such cases. They are asking for responses from the profession by 18 July. The first report reviews legal questions, including how s 25 of the Matrimonial Causes Act 1973 operates in this context and when to instruct an expert. The second reviews the assumptions used by experts when valuing pensions for the purposes of sharing or offsetting, and any desirable qualifications and regulation of the experts. There are a number of consultation questions, summarised at the beginning of the Legal report, and at the beginning of, and embedded within, the Valuation and Expert Issues report. Replies should be emailed to Hilary Woodward at email@example.com by 18 July 2018 using the reply and consent form attached to the reports. The first goal is to prepare a good practice guide for the judiciary and practitioners specialising in this field, with a target date for on line publication towards the end of 2018, followed by another guide for non-specialists and the divorcing public.
You can find links to both reports, together with more information about the Pensions Advisory Group, at http://www.nuffieldfoundation.org/pensions-divorce-interdisciplinary-working-group