Actuarial valuation of a widow's pension?

JeanDePierre

As Executor, I am trying to sort out a relative's will.

In accordance with a Consent Order between him (the Respondent) and his ex-wife (the Petitioner), he bequeaths "The capital value of the widow's pension which the Petitioner would have received in accordance with the Church of England Pension Board Regulations [he was a retired vicar] had the Petitioner still been married to the Respondent at the date of the Respondent's death such value to be determined by an Actuary ..."

[I've edited what follows, as I realise I made a dumb mistake: what matters is her age (she's still alive), not his age at death]

So, my questions are:
-- if she is now, say, 20 years younger that the national life-expectancy for a woman, would an actuary calculate the figure at 20 times the value of the widow's annual pension?
-- what is the best way to find/choose an actuary to formally do the paperwork? (I am in London, the ex-wife is near York)

Thank in advance for any advice and help.

xylophone

http://www.actuaries.org.uk/research-and-resources/find-actuarial-firm
might help?

mania112

EDIT: i answered my own question

SeekTruth

I am not familiar with the "Church of England Pension Board Regulations"; however, it seems likely that the capital value of the widow's pension will depend solely on the initial rate of pension received by the widow, the rules regarding annual increases, if any, and the widow's age. The husband's age is not likely to be relevant.

mania112

Here's the scheme booklet: http://www.churchofengland.org/media/1722433/2014%20clergy%20booklet%20v%201.1.pdf

It says nothing is payable when the member is divorced.

If the Consent Order overrides that (i'm not sure if it supersedes the scheme rules) the ex-wife is seemingly entitled to 2/3rds of the pension the member was in receipt of. Life expectancy is not part of the equation.