Ask a Law Question, Get an Answer ASAP!
thank you... it was made in 1995 and it was a pension sharing order. I was supposed to have taken out the money and put it into my own scheme, but I never did as I thought it would be well invested it it stayed with my husband. It was never discussed with anyone - I just left it there and sort of forgot about it. But, the members were aware of the order. Now as I am 6o last Jan I want to release the pension funds. My husband's accountant has made a calculation based on 3% average over the period. The admins of the fund may not agree this figure and are currently making their own calculation. Under the terms of the fund they cannot spk to me and my ex husband will not give authorisation. I should have taken the funds within 4 months - which I have only just learnt.
Can I lose the money.
Will the admins have to inform me if their is a dispute.
Can my ex husband agree HIS figure with the admins without my knowledge
What is the system in these matters
I have set up a deposit account with Standard Life - will they be able to spk with the fund admins.
The amount in question was £200,000 at the time of pension sharing.
What I do know is that the admins may want to make the calculation based on the entire fund growth and not just interest only. The fund owns land.
I will have to check thanks
i will have to ask my husband for a copy of the order - no - one has mentioned ear marking so far. i will come back to you if you dont mind and will find out more about the scheme.