Talking to Mark Jones – IFA.Pensions Expert

Interviewing Mark Jones - Pension Expert

 

Information required by the pension expert

Please go directly to the questions and answers that interest you, by using the video time indicators listed below.

0:00 - 0:57 - What information does the pension expert need to prepare a report that can be used in mediation to explore the pension options

00.57 - 1.30 - The pension expert needs a clear instruction about the time period to be taken into account



Explaining terminology

0:00 - 1:30 - What is a pension based on value (personal pension scheme)?

1:30 - 3:10 - What is a guaranteed benefit pension (final salary scheme)?



A bit more about the valuation process

0:00 - 1:59 - Can you tell us a little more about the process of projecting income in retirement based on today’s values when it comes to valuing a pension?

2:00 - 2:59 - Why you should always use periods of pre- marriage and co-habitation in your calculations of a pension share? Its about fairness…



Some of the challenges when preparing a pension report?

0:00 - 2:14 - For example, if an ex-spouse has taken pension benefits in the time since separation, how can this be fairly taken into account in a personal asset assessment for separation and divorce?



Implementing the pension award

0:00 - 2:44 - What does the IFA need to do to ensure that the pension sharing award is properly implemented and within timescales?

2:45 - 4:09 - Are there any pension sharing implementation costs that my clients would need to be aware of and who normally pays these? Normally, these are paid equally



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