Pensions

Pensions can be a minefield. Evaluating losses following early retirement through another’s fault can be challenging. We help to “split lump sums”, evaluate present values of future cash flows, and other calculations.

It is particularly important to treat pension quotations in the correct manner. A promised annual pension of thousands of pounds per annum may not be what it seems. It may, for example, be based on an annual growth rate that is higher than average market returns.

Early Retirement

We were instructed by an insurance company to comment on a claim. The owner of a limited company had suffered an accident and was unable to continue to work. He sold the company and claimed loss of earnings based on what he had previously received from the company. We analysed his claim and described the different elements of his remuneration, which included a reward for ownership. The legal team then argued that the decision to sell the company was not a direct result of the accident and the defendant was therefore not liable for that part of the loss.

We also showed that the claim was based on two particularly good years. The previous year’s performance had been much poorer.

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