Thank you Clare,
I am 49 and my wife is 47.
I have had type-1 Diabetes since I was 12 years old and I am beginning to develop some complications from this disease. My wife is in good health. Although I intend to work until 60+, I am informed that I have an increased risk of sudden death and premature death. My life expectancy is perhaps 10 years less than someone who does not have this condition. I have been lead to believe that this would have a material influence on how an actuary could value a final salary scheme and an AVC scheme.
Both final salary schemes are NHS schemes, mine is worth £300k, hers is worth £180k. My AVC is worth £55k and hers is worth £18k
I am anticipating that in the final settlement some transfer of pension capital will be made from me to my wife in the region of £75k
My question boils down to whether if an actuary was involved, would it be in my best interest to take my medical condition into consideration? Would my condition mean a greater proportion of the marital pension assets being allocated to me or my wife.
Thank you in anticipation.