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Barclays pension CETV divorce!

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Comments

  • xylophone
    xylophone Posts: 45,762 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The pension was earned during our marriage and is probably accumulating,

    Your husband worked for Barclays (latterly as a manager) between 1989 and 2005 and is a deferred pensioner of the Barclays 64 scheme which was a  defined benefit scheme. 

    It will have been revaluing in deferment  according to the rules of the scheme.

    Willis Towers Watson are the administrators of the scheme and your husband/his solicitor will need to contact them for a CETV for a divorce settlement.

    https://www.sharingpensions.co.uk/marbreak6.htm#:~:text=pension arrangements.-,Defined benefit scheme,fund value to work with.

    Silvertabby's comments are supported by the information in link above.

  • Thank you xylophone.  Agree with what you and Silvertabby have said.  Unfortunately getting the information has been like pulling teeth and I have run out of money to pay a solicitor to pursue it.  As I have a valuation that is now 10 years old from an old CETV, I was wondering if I could work how much it would be worth now to see if it is worth me trying to pursue it.  I thought there might be formula or if someone on this forum might have a similar situation that would give me an idea.
    I do really appreciate the views and advice given so far, thank you.
  • Silvertabby
    Silvertabby Posts: 10,367 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 23 January 2021 at 9:45PM
    Thank you xylophone.  Agree with what you and Silvertabby have said.  Unfortunately getting the information has been like pulling teeth and I have run out of money to pay a solicitor to pursue it.  As I have a valuation that is now 10 years old from an old CETV, I was wondering if I could work how much it would be worth now to see if it is worth me trying to pursue it.  I thought there might be formula or if someone on this forum might have a similar situation that would give me an idea.
    I do really appreciate the views and advice given so far, thank you.
    Just not possible, I'm afraid. 
    If/when your divorce goes to Court, your ex will be instructed to supply a Form E (value plus other information).  If he doesn't declare this pension, then it would be the job of your solicitor to advise the Court that your ex is withholding financial information.  I know you have said that you can't afford to pursue this through your own solicitor, but it really could be a case of not being able to afford NOT to do that,

  • Thanks again Silvertabby.  Unfortunately there is no Form E under Scottish law.
  • Marcon
    Marcon Posts: 15,055 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Thanks again Silvertabby.  Unfortunately there is no Form E under Scottish law.
    Scottish law....have you heard of this: https://www.lawclinic.org.uk

    Might be worth seeing if they are able to assist in any way?
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
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