What we think


Picture of Weymouth Harbour & boats

Test Achat

I have received quite a few queries recently on what the final outcome was of the Test Achat case on gender equality in annuity rates. Well it didn’t quite work out as the gloom and doom predicted by some. Quite a few pundits were expecting male annuity rates to drop to the same level as… Read more


Teachers Pension Scheme

I am delighted to be able to provide this our first update following the merger of C S Pension Consultants Ltd with Albert Goodman Financial Planning Ltd. The Welfare Reform and Pensions Act 1999 (WRPA) requires under section 31 that a pension debit is applied to each of the component benefits within a pension scheme…. Read more


Armed Forces Pension Scheme

As you are probably aware if a pension sharing order is issued against the Armed Forces Pension Scheme then the former spouse must take up shadow membership. The former spouse is referred to as the Pension Credit Member (PCM). However we have found recently that the letters that are being issued by the Service Personnel… Read more


ECJ Ruling

You may be aware of a recent judgment by the ECJ in the Test-Achats case in relation to sex discrimination in annuity rates. I am delighted to be able to provide you an article prepared by David Lockett and Stephen Bridges, two leading consulting actuaries, that considers the divorce related issues following this judgment. Please… Read more


Pensions and Divorce – An Empirical Report

Firstly apologies that this bulletin is rather longer than normal, but please bear with me. Secondly I would be very grateful to receive replies to the queries I raise. A recent report published by Cardiff University and the Nuffield Foundation is the first detailed study into pension sharing since it’s introduction in 2000. The research… Read more