Discounting Pension CETVs when Offsetting
There is a fascinating debate going on over on the Wikivorce Divorce Forum, on the subject of whether or not pension CETVs should be discounted when they are offset against other assets. Nigel Bradshaw of the Ancillary Actuary set out his thoughts on the matter in this post, and has since been taking part in the debate. As Nigel says: "The argument goes that as pensions are not readily realisable for cash then they are less valuable than other assets", but his "view is that all assets should be valued on the same basis, which is their market value assuming an orderly sale". I recommend a look at the thread, particularly for practitioners interested to read how those going through a divorce see the issue.