Expert Witness Services
Pension & Divorce Reports
Resolution / Mediation / Collaboration
Richard Jacobs has been providing expert witness services for over 20 years in all matters relating to pensions. The initial involvement came out of liability claims but soon moved to divorce in the days when it was very rare for anything to happen with regards to pensions following divorce. Subsequent legislation and the introduction of attachment and pension sharing orders now make this one of the most complicated areas in pensions. Whilst public sector unfunded schemes such as the Police and Fire Brigade insist that any pension credit created for the former spouse, must remain in the scheme, we have the problem that the member can retire earlier, but the spouse must wait until normal age. Great inequality of values can occur in such situations.
Further complicated routes are where schemes offer the ex spouse the option of leaving any pension credit in a scheme or transferring it out. Which is the best choice? This is close to the area where a great deal of bad advice was given in previous years under the banner of pension miselling. If a pension credit has to be moved out, where should it be moved to? There are many schemes, some with exceptionally high charges and therefore commissions involved, there are others with no commission involved and fees are more appropriate. Very often the receiver of any pension benefit has not been involved with pensions previously and is moving into an incredibly complicated area for the first time having to make very quick decisions with little information. It is in this area that our sister company Richard Jacobs Pension & Trustee Services Ltd can provide fully authorised and regulated advice in a simple straightforward way. Our remuneration can be by fee only, commission only or a combination of both.
We continually seek to amend our pension and divorce reports so that they are appropriate to circumstances concerning their use. Often quite complex issues have to be dealt with but in a simple and sympathetic way so that all concerned, particularly those not involved in pensions, understand the issues and can make informed judgements. The starting point for any report would be to provice basic details concerning the parties along with details of pension benefits earned to date and their cash equivalent transfer values. Richard Jacobs has been producing such reports for over 20 years, commencing before the introduction of attachment orders.
Our goal with any report is to ensure every one involves. Has the complicated information laid out in a way that all from judge and accuracy through to the spouse with no pension knowledge, are able to understand and make then right decisions.
Richard Jacobs Pension & Trustee Services Ltd is an affiliated member of Resolution. Richard has completed the necessary collaboration courses to assist in round table negotiations in the new collaboration process. This new service is aimed at helping couples find a less traumatic route through the divorce nightmare, and subsequent financial settlement.
Copyright © 2018 | Richard Jacobs Pensions | Web Development by Business Guys I.T. | Web Hosting by Business Guys I.T.