The IFoA Review Team has published its eighth report, Pensions on divorce: expert actuarial advice.
The review examined how actuaries provide advice and calculations for pensions on divorce cases. The report highlights the challenges of this type of work, which requires the ability to explain actuarial concepts clearly and succinctly to consumers with little or no pensions knowledge. The report also provides examples of good practice.
As an additional input to this thematic review, we carried out a survey of family lawyers to hear their views on pensions on divorce expert reports.
Download the results (PDF, 1 MB)
To support the publication of the report, we hosted a webinar in May 2024 to explore the key findings. Members can now watch a video of the webinar on the IFoA Virtual Learning Environment (VLE).
Report author David Gordon, IFoA Senior Review Actuary, said:
“I would like to thank those actuaries from 12 organisations who took part in this review, which included scrutiny of 36 examples of expert reports and in-depth conversations with the actuaries involved. For the first time in our thematic review programme, we have also sought direct feedback from users of actuarial advice, in this case family lawyers, to hear their views on the advice they are seeing. We thank those completing the survey along with the stakeholders who helped publicise the exercise among family lawyers.”
